For companies, especially SMEs and start-ups, the CMU means accessing more funding opportunities, such as venture capital and crowdfunding. The CMU also puts a strong focus on sustainable and green financing: as the financial sector begins to help sustainability-conscious investors to choose suitable projects and companies, the Commission is determined to lead global work on supporting these developments.
A well-functioning, diversified and deeply integrated capital market is of key relevance for the European Central Bank for three reasons: first of all, the integration of capital markets facilitates the transmission of single monetary policy in the euro area, secondly it contributes to macroeconomic and financial stability and thirdly, it supports risk-sharing in the private sector across the EU. 3.