The European Commission yesterday published its capital markets union action plan and announced the first set of measures it proposes to take relating to securitisation and the promotion of long-term investment in infrastructure. Two consultations have also begun: the first on venture capital funds and the second on covered bonds. A call for evidence has also been opened on the impact of the EU financial legislation. The Commission also announced that changes to the Prospectus Directive will be published later this year, following the consultation that took place earlier this year. For further information see: action plan (pdf) | economic analysis accompanying the action plan (pdf) | feedback on earlier green paper (pdf) | FAQs | press conference videos | press release |.
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