The Capital Markets Union aims to break down barriers that block cross-border investments. Although we have had successful EU initiatives to boost investment – with the Juncker Plan having triggered some EUR 400 billion of investments – we need significantly more private financial risk sharing to support innovation and efficient allocation of capital.
There has been good progress in taking CMU-related EU legislation forward, but major further steps are still needed to create a well-functioning CMU. Many initiatives will be discussed during the Forum, including a more harmonised insolvency framework and enhanced transparency of company financial data that is critical for investment decisions.