On 30 September 2015, the European Commission adopted its Action Plan on Building a Capital Markets Union. The Action Plan was already accompanied by a set of concrete, legislative proposals. On 14 September 2016, the Commission published a Communication on Accelerating Reform in the Capital Markets Union. The Communication was timed to coincide with the State of the Union address, in which the President of the European Commission underlined the continuing high priority of the Capital Markets Union. The development of stronger and more integrated capital markets in the European Union is more important than ever in the current political and economic context. The following will provide an overview of the initiatives already set in motion in the first year and beyond and of the initiatives ahead.
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