On 18 February 2015, Insurance Europe issued a press release welcoming the European Commission's publication of a Green Paper on the capital markets union.  Insurance aspects of the paper include the prudential treatment of long-term investments. The paper notes that the recently finalised European Long-Term Investment Funds (ELTIFs) regulatory framework will allow long term investment in companies and infrastructure projects. Insurance Europe commented that, as Europe’s largest institutional long-term investors, insurers are hopeful that work can be done to reduce barriers to making long-term investments (which are vital to growth and stability in Europe).