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Commission adopts ambitious Capital Markets Union Action Plan and Digital Finance Package

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The European Commission has adopted a new, ambitious Action Plan to boost the EU’s Capital Markets Union over the coming years. The EU’s top priority today is to ensure that Europe recovers from the unprecedented economic crisis caused by coronavirus. Developing the EU’s capital markets, and ensuring access to market financing, will be essential in this task. The Action Plan aims to develop and integrate EU capital markets in order to ensure they can support a green, inclusive and resilient economic recovery by making financing more accessible to European companies.

A press release, available in all languages, a Q&A and a factsheet are available online with more information.

The European Commission has also adopted an ambitious Digital Finance Package to ensure a competitive and digital friendly EU financial sector that gives consumers access to innovative financial products, modern payments, while ensuring consumer protection and financial stability.

The Digital Finance package consists of:

  • A Digital Finance Strategy
  • Legislative proposals for an EU framework on crypto-assets
  • Legislative proposals for an EU framework on cyber resilience
  • A Retail Payments Strategy, which seeks to achieve a fully integrated EU retail payments system, including instant payment solutions that work cross-border.

A press release in all languages, a Q&A and a factsheet are available online. Follow the press conference by Executive Vice-President Dombrovskis  on EbS.

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