Press Release: Financial services: 2005 was a year of achievement, says Commission report

The European Commission on 10 January 2006 published its regular Progress Report on the Single Market in Financial Services, looking back on achievements since mid-2004. The report concluded that significant strides had been made in terms of building European financial integration. Not only were 98% of the actions under the Financial Services Action Plan completed by the deadline, but work had also started on the crucial implementation of these measures. In addition, considerable progress had been made in the areas of corporate governance and company law, combating financial crime, accounting and auditing.