Press Release: Financial Services: Action Plan to integrate EU financial markets enters home straight

The European Commission's published the ninth Progress Report on the Financial Services Action Plan (FSAP) on 25 November 2003. The Report concludes that the FSAP has been one of the driving forces behind the developing European capital market, and so has improved prospects for sustainable, investment-driven growth and employment. Progress towards adopting the legislative measures of the FSAP has been maintained. Nevertheless, the Report argues that given the European Parliament elections and EU Enlargement in 2004, it is crucially important that the remaining major FSAP measures are agreed in the next four months. The report also outlines the initiatives taken by the Commission to assess the current state of integration of European financial markets.

http://ec.europa.eu/comm/internal_market/en/finances/actionplan/index.htm http://ec.europa.eu/comm/internal_market/en/finances/actionplan/index.htm

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