​Financial reforms

In just a few years, following the outbreak of the financial crisis, the EU has put forward an ambitious and unprecedented series of reforms to secure financial stability and improve the supervision of financial markets.

The mission of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) is to monitor the effectiveness of these reforms, ensure that EU legislation is fully implemented and respond to emerging financial risks.

In addition, we are working to develop well-regulated, stable and globally competitive financial markets in the interest of businesses and consumers. To improve access to capital for businesses, especially SMEs, and thereby promote growth and job creation, we have brought forward initiatives to create an EU capital markets union.

Objectives

Our objectives are

  • consolidating financial reforms while adapting them to changed circumstances if needed, and ensuring that EU legislation is properly enforced
  • presenting new initiatives to close remaining gaps and ensure that financial markets are well regulated and supervised
  • initiating policies that contribute to investment, growth and jobs in the EU by enhancing the long-term financing of the economy. This requires further progress towards a well-regulated EU capital markets union encompassing all 28 EU countries
  • making financial services work better for consumers and retail investors
  • working closely with international partners to promote consistency in regulation and the implementation of agreed standards and principles