A consultation on the Capital Markets Union Mid-Term Review (CMU MTR) is now open, until 17 March 2017, and we are hosting a webinar on 9 March, setting out the most important reasons why organisations should respond to the consultation.
The CMU is a patchwork of initiatives aimed at developing non-bank lending and capital market financing in Europe, with a particular focus on infrastructure and SME financing. The CMU, as launched in its September 2015 Action Plan, largely side-lines sustainability, the environment and climate change, standing in contrast to the European Union’s broader policy commitments. This approach risks undermining long-term economic sustainability and the EU’s role as a global leader in corporate social and environmental responsibility. The CMU mid-term review retains a number of major flaws that still need addressing.
Join the webinar on 9 March, organized by the EU project DOLFINS, with presentations by Giulia Porino (Financewatch) and Stefano Battiston (University of Zurich). Sign up to the webinar here.
For some background information find a more detailed description of the position of European civil society organisations in a letter to policy makers here, highlighting concerns about the proposed Action Plan on the Capital Markets Union (CMU) initiative. Furthermore, find a recent press release by Financewatch about the launch of the CMU mid-term review consultation here.