Capital markets are undergoing profound changes. Their ability to effectively provide the real economy with capital for investment and growth is therefore an issue of increasing importance. This is prompting many countries to review the functioning of their capital markets to provide better conditions for financing private sector innovation, investment and growth. Capital market reforms are often supported by more competitive corporate governance regulations, including company law and securities regulation. The OECD reviews the functioning of capital markets, provides international comparisons and proposes how to improve corporate access to capital.