In his keynote speech at the Eurofi Financial Forum 2015, European Commissioner Jonathan Hill described the Commission’s promotion of the Capital Markets Union and the CMU’s essential role in developing the European economy.  The speech provided valuable insight for hedge fund managers and other players in the European markets into the goals and work-streams identified by the Commission for the upcoming year, in particular with regard to the development of the CMU.  Specifically, the Commissioner highlighted areas for in-depth review and regulatory development and summarized the proposals to be promoted by the Commission regarding securitizations.  In subsequent remarks at the launch of the CMU Action Plan, he expanded on the mix of legislative and non-legislative measures to be adopted in the initial phase.  This article summarizes the Commissioner’s remarks at both venues. For an in-depth review of key areas of the CMU Action Plan, see “E.U. Action Plan to Unify Capital Markets May Affect Hedge Fund Managers,” in this issue.  For more on upcoming European initiatives, see “ESMA Chair Highlights Upcoming Focus on Supervisory Convergence,” Hedge Fund Law Report, Vol. 8, No. 38 (Oct. 1, 2015).