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On 30 September 2015 the European Commission released a communication, detailing its Action Plan on Building a Capital Markets Union, that paves the way ahead for regulatory changes which, in the near future, should help to build more efficient and deeper capital markets in Europe, with a view to enhancing the financing of the whole economy from unlisted SMEs to long-term infrastructure projects. The Capital Markets Union scheme, initiated by Commission President Juncker, has the ambition “to strengthen Europe’s economy and stimulate investment to create jobs” and is thus presented as a key priority of the Commis-sion’s agenda.
One of the elements of the project is that capital markets could indirectly allow banks to provide an additional amount of credit to the...
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