A Single Market for Services, Financial services

Financial Services and Capital Markets

Financial ServicesFinancial markets are crucial to the functioning of modern economies. The more integrated they are, the more efficient the allocation of capital and long-run economic performance will be. Completing the single market in financial services is thus a crucial part of the European Commission’s overriding objective of stimulating economic recovery in Europe.

Following the outbreak of the financial crisis in 2008, the stabilisation of financial markets became a priority and financial sector reform a crucial instrument to achieve it. Filling in the gaps in financial sector regulation and strengthening the supervision of the financial sector in Europe have been the two main strands of work.

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Focus on
Europe’s response to the financial crisis

What steps the Commission is taking to ensure financial stability and put in place a better governance system for the future?

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Last update: 10.02.2012