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In this paper from Alasdair Murray and Aurore Wanlin of the Centre for European Reform, the authors look at the EU's financial services package for 2005-10 and what it yet needs to deliver.
CER Summary
After five years of intense law-making, the European Commission promises fewer financial services laws for the remainder of the decade. But there is still no fully integrated single European market in financial services. The EU will have to undertake a substantial 'tidying up' exercise, including important new measures in areas such as cross-border payments. It also needs to ensure that Europe’s financial regulators work together more effectively. In the longer term, the Commission is likely to come under pressure to make new legislative proposals to open up Europe’s protected retail financial services markets.
The document is available on the CER website
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