Fostering оf the EU Capital Markets Union

Abstract

In this paper the author presents an overview of the idea of forming and strengthening the capital markets union (CMU) – an ambitious political, economic and legal project of the EU. This idea, aimed at the formation of a single European capital market, has so far been implemented through numerous legal reforms and other activities and measures. Significant changes were made to the current legal framework of financial markets, especially capital markets, and no important topic in this area has been bypassed. The paper aims to familiarize domestic public with the idea of creating the EU CMU. It also provides a comprehensive view of the reasons that led to reform and its implementation in the EU so far, as well as expected further reforms. The domestic public is given the opportunity to look at the EU CMU idea in order to follow reforms in the Republic of Serbia with greater understanding.