42 Capital Markets Union - In September 2015, the European Commission adopted an action plan setting out a list of over 30 actions and related measures to establish the building blocks of an integrated capital market in the EU by 2019.
The objectives of Capital Markets Unions are to •develop a more diversified financial system complementing bank financing with deep and developed capital markets •unlock the capital around Europe which is currently frozen and put it to work for the economy, giving savers more investment choices and offering businesses a greater choice of funding at lower costs •establish a genuine single capital market in the EU where investors are able to invest their funds without hindrance across borders and businesses can raise the required funds from a diverse range of sources, irrespective of their location See https://ec.europa.eu/info/business-economy-euro/growth-and-investment/capital-markets-union/capitalmarkets-union-action-plan_en for further detail.