How can Europe further strengthen its capital markets and advance the Savings and Investment Union (SIU)?

A solid understanding of the structure, size and development of Europe’s national capital markets is an essential starting point.

The EU Capital Markets Yearbook 2026 (CMYB) by EFFAS will be released shortly, providing a comprehensive overview of the capital markets across all 27 EU member states, with a particular focus on equity markets.

For the first time, the 2026 edition also includes Switzerland, alongside Norway, reflecting the close interaction of these markets with the European capital market landscape.

Beyond the country profiles, the Yearbook explores a range of topics that the members of the EFFAS Capital Markets Commission consider particularly relevant to the further development of a more integrated European capital market:

• The European Single Access Point (ESAP): How does ESAP compare with the US EDGAR system, and why could it become an important building block for more integrated and transparent European capital markets?
• Neo-brokers and neo-banks: What role can these new market participants play in the development of the Savings and Investment Union?
• European equity and IPO markets: An analysis of their structure and development.
• European bond markets: Selected topics and developments shaping this important segment of the European capital market.

The EU Capital Markets Yearbook 2026 aims to provide market participants, policymakers and other stakeholders with data, insights and perspectives that contribute to the discussion about Europe’s capital markets and their future development.