| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/00/1269 (8.11.00) |
| Publication Date | 08/11/2000 |
| Content Type | News |
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The European Commission has called for a quantum leap towards rapid implementation of the Financial Services Action Plan (FSAP) so as to ensure that the 2005 deadline set by Heads of State and Government at the Lisbon European Council will be reached and that financial markets therefore contribute fully to economic growth and job creation. In its latest FSAP Progress Report adopted on the 8 November 2000, the Commission has suggested a set of critical priorities for the coming six months for the Commission, the EU's Council of Ministers and the European Parliament. The Report also suggests possible benchmarks for indicating trends and developments in market integration. The FSAP lists a series of measures necessary to create a single wholesale market for financial services, open and secure retail markets, state-of-the-art prudential rules and wider conditions for an optimal single financial market across the EU. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/00/1269&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
