Financial Services Policy 2005-2010

White Paper
 

05.12.2005	White Paper on Financial Services Policy (2005-2010)
	Press Release: EU financial services policy for the next five years
	Frequently Asked Questions (FAQs) on EU financial services policy for the next five years
	White Paper
	I- Concrete tasks and actions
	II- Impact Assessment
	III- Feed-back on consultation Green Paper

Green Paper

03.05.2005	Green Paper on Financial Services Policy (2005-2010)
	Press Release: EU Financial services policy for the next five years
	Read more...
	Green Paper
	Annex I
	Annex II
	Contributions authorised for publication

Exchange of Views on the Financial Services Policy 2005–2010

The Directorate-General “Internal Market and Services” organised a one-day “Exchange of Views on the Financial Services Policy 2005 – 2010” on 18th July 2005. This event presented and discussed the priorities as set out in the Green Paper from the perspective of European Institutions and various market participants. The issues addressed included supervisory convergence, cross-border consolidation, asset management and retail financial services. The results of this event are available on this page

Specialist groups to take stock of Action Plan

With the legislative phase of the Financial Services Action Plan (FSAP) drawing to a close, the Commission has launched a wide-ranging and open review to take stock of the state of integration of Europe's financial markets.

First phase

As the first phase in this process, four high level expert groups covering the sectors of banking, insurance, securities and asset management were set up. The reports from these groups were made public (including on this web-site) in May 2004. These reports served as the basis for a second phase of open consultation and debate.

• Press release including the mandate and composition of each of these groups
• Frequently asked questions
• Terms of Reference
  • Banking Group 
  • Insurance Group 
  • Securities Group 
  • Asset Management Group 

Second phase

The European Commission published four open consultation reports by four independent groups of experts on the state of financial integration in the banking, insurance, securities and asset management sectors. The reports, which reflect the consensus view of the group members and not necessarily that of the Commission, provide a comprehensive assessment of the extent to which different types of financial business can be undertaken on a pan-European basis. They also outline the main expectations and concerns of the different sectors regarding the implementation and enforcement of Financial Services Action Plan (FSAP) legislation. Based on these reports and reactions to them, the new Commission will be in a position to consider, early in its mandate, how to ensure the effective implementation and enforcement of the measures agreed under the FSAP and how best to build on those measures to complete the integration of EU financial markets. The deadline for comments on the expert reports was 10th September 2004.

• Press release (6.5.2004)
• Frequently asked questions
• Reports
  © European Communities, 2004
  Reproduction is authorised provided the source is acknowledged.
  • Cover note 
  • Banking Group 
  • Insurance and Pensions Group 
  • Securities Group 
  • Asset Management Group 
• Financial Integration Monitor

Conference

European Financial Integration: Progress & Prospects (22 and 23.6.2004)

• Opening remarks - by Frits Bolkestein
• Closing remarks - by Frits Bolkestein
• Results of the conference
• Summary

Consultation

The deadline for comments was 10th September 2004.

• Contributions authorised for publication
• Synthesis report