Financial regulation

Development Policy 01-09-2009

2004-2009: An evaluation of the Barroso Commission

European Commission President José Manuel Barroso spent the summer preparing his programme for the next five years after his bid to secure a second term was put on ice by the European Parliament's political group leaders in July - EURACTIV asked key stakeholders to assess the Barroso Commission's achievements and failures.
Brexit 01-04-2009

Financial regulation: The EU’s agenda

In response to the worst crisis in decades, the European Union has agreed on a series of rules and new watchdogs to regulate and supervise global financial markets. EURACTIV offers an overview of the state of play.
Euro & Finance 15-09-2008

Financial education

Schoolchildren could start receiving courses on how to use a bank account or buy and sell shares on the stock exchange as part of EU efforts to educate citizens and prevent possible future financial crises.
Brexit 25-07-2008

Banking services: Time for consumers to benefit?

Consumers take centre stage in the Commission's Green Paper on Retail Financial Services, which lays down options on how to make retail banking and insurance services better and cheaper for EU citizens. However, the Commission, Parliament and industry are at odds over how to improve consumer protection and choice in retail financial services.
Brexit 25-01-2008

Single Payments Area

In the European single market there are still large differences between the national payment systems. The EU seeks to remove these obstacles and reduce the costs to cross-border payments for consumers by creating a Single Euro(pean) Payments Area (SEPA). The European Payments Council (EPC) was set up to develop a common infrastructure and standards. However, there is only little progress, since banks are reluctant to apply standards and fear competition being opened up to non-banks, which makes it difficult to reach the 2010 target. Therefore, the Commission has laid out a common legal framework in its 2005 proposal.
Brexit 06-11-2006

Introduction to Financial Services

The aim of the European Union's policy in the financial services sector is to create an integrated Europe-wide single market through a framework of legislation, co-operation and practice within which financial services can operate as a whole across borders to achieve the free movement of capital and services. The policy addresses the "wholesale" (corporate and capital) markets and the "retail" (consumer) markets as well as the underpinning services such as the clearing and settlement of shares and integration of payment systems.
Brexit 14-02-2006

Markets in Financial Instruments Directive (MiFID)

One of the last major pieces of the Financial Services Action Plan still to be implemented is the Markets in Financial Instruments Directive. It is designed to reduce barriers to cross-border share trading, facilitate investment and thereby boost the EU economy. Financial institutions, however, are concerned that the changes required will entail heavy costs.
Euro & Finance 18-01-2006

Financial Services Agenda 2005-10

The Commission's regular progress report on the single market in financial services, published in January 2006, declares the period 2004-2005 to have been one of "significant strides". The next five years, therefore, will see a period of consolidation with a tidying up of remaining specific issues.
Brexit 18-12-2004

Financial Services Action Plan

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.
Brexit 17-12-2004

Financial literacy – a quick guide

The world of financial services abounds with acronyms, abbreviations and jargon terms. See the links below to sites which give explanations and definitions of these terms.
EU Priorities 2020 30-09-2003

Dealing with corruption in Central and Eastern Europe

The Commission has been monitoring corruption in the future EU Member States since the beginning of the enlargement process in order to allay fears of European citizens about ethics of governance in Central and Eastern Europe.
EU Priorities 2020 25-09-2003

Good governance and corruption

The EU has made fight against corruption one of its highest political priorities, both in its internal affairs and in its relations with third countries. In its relation with the candidate countries, the EU systematically includes corruption-related issues on the agenda and insists that its future Member States set up and implement national anti-corruption policies. The Union is also planning to make the fight against corruption an integral part of its external and trade policies.