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 259 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
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
 
20.11.2023  Activities of the IFRS Foundation, EFRAG and PIOB in 2022.
Report com(2023)712
 
17.10.2023  Amendment of Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the ...
Regulation com(2023)593
 

2.

Legislation currently being implemented

There are 140 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
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
 
25.11.2021  European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability.
Regulation com(2021)723
 
25.11.2021  Amendment of certain Directives as regards the establishment and functioning of the European single access point.
Directive com(2021)724
 

3.

Legislation in force

There are at least 5 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
 
20.10.2011  Insider dealing and market manipulation (market abuse).
Regulation com(2011)651
 
20.10.2011  Criminal sanctions for insider dealing and market manipulation.
Directive com(2011)654