Tag: Lamfalussy

J.P. Casey and K. Lannoo, from the European Capital Markets Institute (ECMI), explain the evolution of EU regulation of investment firms from the original Investment Services Directive (principles-based approach) to the MiFID implementing measures (rules-based approach).

In the news on financial services at the moment are the recent Commission Green Paper, the Capital Requirements Directive and the creation of a single market for financial services. One of the main actors in these important developments is the Committee of European Banking Supervisors (CEBS). EurActiv spoke to Freddy Van den Spiegel, Chair of the CEBS consultative committee, about these issues and others.

The EU's Financial Services Action Plan (FSAP) was designed to open up a single market for financial services in the EU. Begun in 1999, it comprises 42 measures designed to harmonise the member states’ rules on securities, banking, insurance, mortgages, pensions and all other forms of financial transaction. By the end of 2004, almost all of these measures have been adopted.

European Commission sets up two committees dealing with more effective and speedier regulation of Europe's securities markets

EU Member States close to agreement on proposals for fast-track method for legislation on financial markets

Wise Men's Panel, led by Alexandre Lamfalussy, presents final report on reforming regulation of EU securities markets