The European Commission is consulting on a blueprint for creating a harmonized capital market across the EU, to facilitate capital raising in the EU while maintaining consumer and investor protection by simplifying the prospectus regime. The Commission is also consulting on an EU framework for securitization, hoping to improve credit information for SMEs, and is supporting the EU Private Placement Initiative. The consultation asks whether an EU private placement market should be created, with some of the same features as the successful US model for fixed rate debt instruments.

The review and capital markets union consultation will close on May 13, 2015, with a report expected by July 2015.  Overview.