The capital markets union will create a more integrated capital market in the EU, and a more diversified financial system, unlocking capital in Europe.
The ECB is now the central prudential bank supervisor in the Eurozone. A newly introduced mechanism will ensure the orderly resolution of failing banks.
Establishing supervisory mechanisms and prudential requirements for banks, improve protection for depositors and regulate bank failures.
The Commission wants to deepen the EU single market for retail financial services and payments and make it work better for consumers and investors.
Better governance of financial instruments, trade in securities and investment funds and legislation to make post-trade services safer and more efficient.
Insurance and pensions
EU rules in this area aim to strengthen the quality of statutory audit, restoring the confidence of investors in audited financial statements.
Companies operating in the EU should disclose certain information about their finances and how they operate in reports for transparency purposes.
The Commission wants to boost the role of finance in achieving a greener and more sustainable economy.
New financial technologies (FinTech) can facilitate access to financial services and improve the efficiency of the financial system.
The EU intervenes when necessary to prevent conflict or respond to emerging or actual crises.
Fighting money laundering and terrorist financing contributes to global security, integrity of the financial system and sustainable growth.
The Commission provides technical support to EU Member States across a broad spectrum of reforms in the financial sector.