Informing policy on European capital markets ECMI is an independent entity that undertakes and disseminates research on European capital markets and seeks to contribute in a substantial manner to ongoing policy debates. ECMI also acts as a focal point for academics, market participants and policymakers to interact and exchange ideas on the efficiency, stability, liquidity, integrity, competitiveness and ongoing transformation of European capital markets. These exchanges will be fuelled by the various outputs ECMI will produce for its members such as newsletters, annual reports, a statistical package, regular commentary, policy briefs, and research/task force reports as well as workshops and conferences. ECMI is managed and staffed by the Centre for European Policy Studies (CEPS) in Brussels.