Capital Markets Union (CMU) is an EU initiative to create a single market for capital across EU member states.

ICMA is closely engaged on several issues connected with CMU.

The current CMU action plan was published in September 2020. You can read ICMA’s reaction here.

ICMA also reacted to the European Commission’s Communication on the delivery of the 2020 CMU action plan in November 2021, focusing in particular on:

  • European Single Access Point (ESAP)
  • ELTIF Regulation

You can access other recent ICMA materials on CMU below.

Recent ICMA materials

21 March 2024
ICMA Report - Bond markets to meet EU investment challenges

11 February 2022
ICMA response to European Commission targeted consultation on the Listing Act

29 November 2021
ICMA Preliminary Thoughts on the Capital Markets Union Package

2 March 2021
ICMA response form and additional remarks on European Commission consultation on a European single access point (ESAP)

12 January 2021
The new Capital Markets Union Action Plan, by Daniel Mendes, ICMA.

8 October 2020
CMU: financing the recovery from COVID-19, by Daniel Mendes and Charlotte Bellamy, ICMA.

8 October 2020
The role of the Eurobond markets in pan-European capital markets, by Ruari Ewing and Andy Hill, ICMA.

1 October 2020
ICMA's Preliminary Thoughts on the New Capital Markets Union Action Plan

30 June 2020
High-Level Forum Report on the Capital Markets Union: ICMA Feedback

12 June 2020
ICMA preliminary thoughts on the Report of the High Level Forum on the Capital Markets Union

View Capital Markets Union Archive here.


Julia Rodkiewicz
Director, ICMA Regulatory Policy Committee (RPC)
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