Directorate-General Financial Stability, financial services and capital markets union (FISMA)

Source: Europa Nu.

The main task of this Directorate-General is to coordinate the policies of the European Commission regarding stability on the financial markets. The Directorate-General has to ensure that the European Commission remains having an active role in the supervision of the financial markets. The banking sector is an important aspect in this.

The Directorate-General focusses on:

  • improving the investment environment
  • developping a regulatory framework to improve the resilience and stability of the financial services
  • ensuring the regulatory framework works well for citizens
  • ensuring timely and effective implementation of the financial services
  • improving the functioning of the European Systemic Risk Board and the supervisory agencies
  • ensuring the safety and modernisation of digital payments
 

1.

Legislative proposals in negotiation

There are 254 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
17.06.2024  .
Report com(2024)248
 
12.06.2024  .
Report com(2024)244
 
11.03.2024  Implementation of Directive (EU) 2015/849.
Report com(2024)112
 
05.03.2024  EUROPEAN SYSTEMIC RISK BOARD Joint Report on developments in the EU market for statutory audit services to public-interest entities from 2019 to 2021.
Report com(2024)102
 
24.01.2024  Macroprudential review for credit institutions, the systemic risks relating to Non-Bank Financial Intermediaries (NBFIs) and their interconnectedness with credit ...
Report com(2024)21
 

2.

Legislation currently being implemented

There are 143 laws or other legal instruments of the Council and the European Parliament, previously proposed by this Directorate-General, which are currently being implemented by the member states.
Date Title
17.10.2023  Amendment of Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country ...
Decision com(2023)596
 
18.04.2023  Amendment of Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities.
Directive com(2023)229
 
26.10.2022  Amendment of Regulations (EU) No 260/2012 and (EU) 2021/1230 as regards instant credit transfers in euro.
Regulation com(2022)546
 
16.03.2022  Amendment of Regulation 909/2014 as regards a number of provisions for third-country central securities depositories.
Regulation com(2022)120
 
25.11.2021  Amendment of Regulation (EU) 2015/760 as regards fund rules and requirements pertaining to i.a. the authorisation, investment policies of European long-term investment ...
Regulation com(2021)722
 

3.

Legislation in force

There are at least 9 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
20.02.2024  Amendment of Council Regulation (EC) No 147/2003 concerning certain restrictive measures in respect of Somalia.
Regulation join(2024)4
 
07.12.2022  Amendment of regulation 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity and independence of Ukraine.
Regulation join(2022)56
 
28.09.2022  Amendment of Regulation (EU) No 269/2014 on measures against actions undermining or threatening the territorial integrity and independence of Ukraine.
Regulation join(2022)43
 
27.10.2021  Amendment of Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks.
Directive com(2021)663
 
27.10.2021  Amendment of Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor.
Regulation com(2021)664