Since the launch of the first capital markets union action plan in 2015, the Commission carried out a number of studies, prepared by external consultants, to inform its work in specific areas. This research helps the Commission shape policy actions and identify where legislation may be needed.
- 30 November 2021Mechanisms for pension savings
Study on the best practices and performance of auto-enrolment mechanisms for pension savings
The purpose of this report was to identify a list of best practices in automatically enrolling workers to pension schemes.
- 13 November 2020Equity markets in the EU
Study on primary and secondary equity markets in the EU
This study contributes to the evidence base needed to further advance the equity markets in Europe.
- 29 October 2020EU consolidated tape
Study on the creation of an EU consolidated tape
This study analyses the demand for consolidated European financial market data in equities and bonds.
- 20 July 2020CMU equity market index family
Feasibility study for the creation of a CMU equity market index family
The purpose is to assess the feasibility of creating a CMU equity market index family that could contribute to the development of EU capital markets.
- 23 July 2020online tools and services supporting retail investors in investment decisions
Study on options for development of online tools and services supporting retail investors in investment decisions
Final report of the study on options for development of online tools and services supporting retail investors in investment decisions.
- 14 February 2020Supply chain finance (SCF)
Study on supply chain finance (SCF)
In-depth analysis of the current state and recent developments in the area of supply chain finance at EU level and within the Member States.
- 16 December 2019Drivers of investments
Study on the drivers of investments in equity by insurers and pension funds
As a follow-up to the Mid-term Review of the CMU Action Plan, the European Commission publishes a study on the drivers of equity investments.
- 3 December 2019Loan enforcement laws in the EU Member States
Study: Analysis of the individual and collective loan enforcement laws in the EU Member States
CMU: eliminating barriers to cross-border investment- independent study on the effectiveness of loan enforcement regimes (insolvency benchmarking).
- 12 October 2018European secured notes
Feasibility study on European secured notes
ESNs are bonds using a covered bond structure to fund assets not currently permitted under EU law, specifically loans to SMEs & bank infrastructure loans.
- 24 April 2018Distribution systems of retail investment products
Study on the distribution systems of retail investment products
Study carried out by Deloitte Luxembourg for the European Commission.
- 16 February 2018EU markets for private placements
Study on EU markets for private placements
Identifying market and regulatory obstacles to the development of private placement of debt in the EU
- 13 December 2017Corporate bond market liquidity
Study on the drivers of corporate bond market liquidity
External study produced by Risk Control Limited.
- 26 September 2017European personal pension framework
Study on the feasibility of a European personal pension framework
Explore the feasibility of a European personal pensions framework in the context of the capital markets union (CMU) action plan.
- 25 August 2017Covered bonds in the European Union
Study on covered bonds in the European Union – Harmonisation of legal frameworks and market behaviour
This study examines the current state of the European covered bond markets and the likely costs and benefits of introducing a dedicated EU legal framework.
- 1 June 2017Effectiveness of tax incentives
Study on the effectiveness of tax incentives for venture capital and business angels to foster the investment of SMEs and start-ups
Investigates the part that tax incentives for venture capital & business angels can play in fostering investment, to promote best practice in Member States.
- 29 March 2016Tax reforms
Study on the effects of fundamental tax reforms on effective taxation
Informs about whether different fundamental tax reforms could manage to address the debt bias and promote investment, possibly in a revenue neutral way.