The European Parliament has published a resolution considering the impact and way forward towards a more efficient and effective EU framework for financial regulation and a capital markets union (CMU). Among other things, in the resolution, the Parliament calls on the European Commission to: (i) pursue an integrated approach in the CMU; (ii)  pay attention to other policy agendas relating to matters including the development of a digital single market and the threat to cyber security from the latest technological developments; (iii) provide a thorough analysis and report of all gold-plating measures taken by Member States within financial legislation and submit them to Parliament by the end of 2016; (iv) publish a green paper exploring new approaches to promoting proportionality in financial regulation; and (v)  conduct a comprehensive quantitative and qualitative assessment, every five years of the cumulative impact of EU financial services regulation on financial markets and its participants at EU and Member State level to identify shortcomings and loopholes.