The Capital Markets Union (CMU) is a plan of the European Commission to mobilise capital in Europe and create a unique capital market. It will channel it to all companies, including SMEs, and infrastructure projects that need it to expand and create jobs.The CMU will be effective after 2019.

By linking savings with growth, it will offer new opportunities for savers and investors. Deeper and more integrated capital markets will lower the cost of funding and make the financial system more resilient. All 28 Member States of the EU will benefit from building a true single market for capital.

Official EU documents and analyses can be found here