EU Financial Regulation and Supervision beyond 2005: An Agenda for the New Commission

CEPS Task Force Report:
EU Financial Regulation and Supervision beyond 2005
Authors: Karel Lannoo (CEPS CEO) & Jean-Pierre Casey

Much has been achieved on the EU Financial Services Action Plan but challenges remain to make the single financial market work. In this report, the highly successful CEPS Task Force on the post-FSAP agenda presents its 10 policy recommendations aimed at responding to those challenges. The fundamental issues of implementation and enforcement are considered, along with refinements to the EU’s regulatory, supervisory and crisis-management frameworks. Since EU financial market integration does not operate in a vacuum and must respond to the challenges arising from increasingly integrated global markets, the report also analyses the external dimension of trade in, and the regulation of, the financial services sector, including the delicate balance between regulatory competition and cooperation with foreign jurisdictions.

Date Published: 1 February 2005

Chair:
Alastair Sutton, Partner, White & Case

Rapporteur:
Jean-Pierre Casey, CEPS Associate Fellow
 
Meetings:
1st meeting: 30 Jan 2004
2nd meeting: 5 Apr 2004
3rd meeting: 6 Oct 2004
4th meeting: 16 Dec 2004