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 246 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
13.11.2024  Activities of the IFRS Foundation, EFRAG and PIOB in 2023.
Report com(2024)528
 
17.06.2024  Delegation of power to adopt delegated acts conferred on the Commission pursuant to Regulation 596/2014 on market abuse (market abuse regulation).
Report com(2024)248
 
12.06.2024  Delegation of power to adopt delegated acts conferred on the Commission pursuant to Regulation 2016/1011 on indices used as benchmarks in financial instruments and ...
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
 

2.

Legislation currently being implemented

There are 152 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
 
13.06.2023  Transparency and integrity of Environmental, Social and Governance (ESG) rating activities.
Regulation com(2023)314
 
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
 
07.12.2022  Amendment of three directives regarding treatment of concentration risk towards central counterparties and counterparty risk on centrally cleared derivative transactions.
Directive com(2022)698
 
07.12.2022  Amending regulations 648/2012, 575/2013, 2017/1131 to mitigate excessive exposures to third-country central counterparties and improve the efficiency of Union clearing ...
Regulation com(2022)697
 

3.

Legislation in force

There are at least 8 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
 
22.09.2021  Amendment of various elements of Directive 2009/138/EC (Solvency II) including proportionality, reporting, tools, guarantees, risks and supervision.
Directive com(2021)581
 
22.09.2021  Framework for the recovery and resolution of insurance and reinsurance undertakings.
Directive com(2021)582