White Paper on Financial Services 2005-2010

Update - 11th May 2007

The draft report and amendments will be voted on in ECON on 5th June 2007.

Background

The White paper on post-FSAP, published on the 5th December 2005, presents the new financial services strategy of the Commission for the next 5 years. The Commission is of the opinion that the FSAP has been a great success but that more should be done in order to induce more economic and employment growth.

The Commission has five priorities for the post-FSAP:

- Consolidation, implementation and enforcement of existing rules,

- Use of "better regulation" principle as policy making principle

- Enhancement of supervisory convergence,

- More competition between providers, especially in retail markets,

- Expansion of EU influence in globalising capital markets.

Timetable

VOTE in Plenary - week commencing 18th June 2007.

ECON: VOTE 5th June 2007

ECON: Consideration of amendments 7th May 2007

ECON: Presentation of draft report 27th March 2007

ECON: First exchange of views 30th January 2007

Documents

ECON amendments to Financial Services White Paper.

Draft ECON report.

Commission document SEC(2005)1574.