EU Capital Markets Union

The European Securities and Markets Authority (ESMA) is actively advancing the Capital Markets Union by enhancing data accessibility and transparency. Recent initiatives include the first-ever publication of EU market capitalisation data for all Member States, providing a clearer picture of equity markets. Simultaneously, ESMA is launching the initial data collection phase for the European Single Access Point (ESAP), a centralised platform for public financial and sustainability information from EU companies. A provider has also been selected to build and operate a 'consolidated tape' for derivatives data, centralising real-time trading information.

These measures significantly matter for both citizens and businesses. The increased transparency from the ESMA market cap data and the consolidated tape lowers costs for investors and boosts market competitiveness. ESAP simplifies access to vital company information, empowering investors with better data for informed decisions. This concerted push aims to foster a more integrated and efficient single market for capital, ultimately supporting growth and innovation across the Union.

Looking ahead, these foundational data initiatives pave the way for a more unified and robust EU capital market. The regular publication of market data and the full operationalisation of both ESAP and the derivatives consolidated tape will deepen market integration. This trajectory aims to create a more attractive investment environment within the EU, making it easier for businesses to access finance and for citizens to participate in healthier, more transparent financial markets.