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


Legislative proposals in negotiation

There are 232 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
10.08.2022  Treatment of central counterparty equity in the write-down and conversion tool under Regulation (EU) 2021/23.
Report com(2022)393
04.08.2022  Compliance of the European Banking Authority with the requirements regarding the location of its seat.
Report com(2022)387
06.05.2022  Amending Regulation 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity and independence of Ukraine.
Regulation join(2022)14
03.05.2022  Amendment of Council Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine.
Regulation join(2022)11
03.05.2022  Amendment of Regulation 765/2006 concerning restrictive measures in view of the situation in Belarus and their involvement in the Russian aggression against Ukraine.
Regulation join(2022)12


Legislation currently being implemented

There are 147 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
15.07.2021  Amendment of Regulation (EU) No 1286/2014 as regards the extension of the transitional arrangement for management companies, investment companies and persons advising ...
Regulation com(2021)397
15.07.2021  Amendment of Directive 2009/65/EC as regards the use of key information documents by management companies of undertakings for collective investment in transferable ...
Directive com(2021)399
24.09.2020  Pilot regime for market infrastructures based on distributed ledger technology.
Regulation com(2020)594
24.07.2020  Amendment of Regulation (EU) No 575/2013 as regards adjustments to the securitisation framework to support the economic recovery in response to the COVID-19 pandemic.
Regulation com(2020)283
24.07.2020  Amendment of regulation 2017/1129 as regards the EU Recovery prospectus and targeted adjustments for financial intermediaries to help the recovery from the COVID-19 ...
Regulation com(2020)281


Legislation in force

There are at least 4 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
12.09.2017  Amendment of decision on signing and provisional application of the agreement with the USA on prudential measures regarding insurance and reinsurance.
Decision com(2017)499
21.03.2012  Access of third countries to the Union’s public procurement market and negotiations on access of the Union to the public procurement markets of third countries.
Regulation com(2012)124
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