Abstract
Abstract: Building a capital market union is a core project of the European Union, facing not only brexit but also the need to recover from COVID-19. The recently published High Level Forum Report adresses these obstacles and suggests 17 precise, mutually reinforcing and interdependent recommendations for this European endeavour. The paper summarizes the four substantive areas of the High Level Forum’s recommendations and outlines the specific measures to create a harmonized capital market union: (i) promoting financing of business, (ii) creating a uniform market infrastructure, (iii) fostering individual investor’s engagement and (iv) tackling obstacles to cross-border investment.
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