On April 25, 2016, the European Commission published a status report on progress made since the adoption of the Capital Markets Union Action Plan. The European Commission's Action Plan, published in September 2015, set out the steps for the medium and long term in five priority areas: (i) providing more funding choices to EU businesses; (ii) ensuring an appropriate regulatory framework for long term investment and financing of Europe's infrastructure; (iii) increasing investment and choices for retail and institutional investors; (iv) improving bank lending capacity; and (v) removing cross-border barriers and developing more harmonized capital markets for all Member States. The Commission's Status Report details the actions taken to date, the key steps planned for the rest of 2016 and measures that will be delivered in 2017-18.

The Status Report is available at: http://ec.europa.eu/finance/capital-markets-union/docs/cmu-first-status-report_en.pdf and the Action Plan is available at: http://ec.europa.eu/finance/capital-markets-union/docs/building-cmu-actionplan_en.pdf.