General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
October 23, 2018

EC set out its work priorities for the year ahead in its work program for 2019. The priorities include reaching swift agreements on the legislative proposals presented to deliver on the ten priorities of the Juncker Commission and adopting new initiatives to address outstanding challenges and to reinforce the foundations for a strong, united, and sovereign Europe. Additionally, EC published questions and answers (Q&A) on the 2019 work program.

The Annexes to the work program for 2019 contain tables listing Regulatory Fitness and Performance program (REFIT) and other new initiatives being planned, along with the pending proposals to be prioritized for the financial sector. The focus will be on 15 new initiatives, in addition to the 10 new REFIT evaluations, to review the existing legislation and ensure that it is still fit for purpose. To ensure a focus on delivery, the EC Work Program also lists the 45 pending priority proposals under the Joint Declaration on legislative priorities, for adoption by the Parliament and Council before the European elections. EC suggests to withdraw or repeal 17 pending proposals or existing laws.

EC has tabled all the legislative proposals needed to deliver on the ten priorities of the Juncker Commission. The priority for the year ahead will be to get the green light on as many outstanding proposals as possible. EC Vice President, Valdis Dombrovskis, said: "Amongst others, we will be looking to consolidate the success of our Investment Plan, reflecting on how to make Europe more sustainable, and tackling Artificial Intelligence and disinformation...." EC will assess the remaining barriers to the Single Market and bring forward ideas to address these barriers. Finally, EC will adapt energy efficiency targets to the EU-27, make the necessary proposals for the visa status of UK nationals after Brexit, and present, before the end of 2018, a number of necessary delegated and implementing acts. 

 

Related Links

Keywords: Europe, EU, Banking, Insurance, Securities, Work Program, REFIT, Q&A, Economic and Monetary Union, EC

Related Insights
News

US Agencies Propose Revisions to FFIEC Reports 031, 041, 051, and 101

US Agencies (FDIC, FED, and OCC) propose to extend for three years, with revision, FFIEC 031, FFIEC 041, FFIEC 051, and FFIEC 101.

February 21, 2019 WebPage Regulatory News
News

OFR Adopts Data Collection Rule on Centrally Cleared Repo Transactions

OFR adopted a final rule to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement (repo) market.

February 20, 2019 WebPage Regulatory News
News

FHFA Finalizes Rule on Federal Home Loan Bank Capital Requirements

FHFA published, in Federal Register, the final rule to adopt, as its own, portions of the regulations of the Federal Housing Finance Board pertaining to the capital requirements for the Federal Home Loan Banks.

February 20, 2019 WebPage Regulatory News
News

PRA Publishes PS4/19 on Loss-Absorbency Mechanism Under Solvency II

PRA published a policy statement (PS4/19) that provides feedback on responses to the consultation paper (CP27/18) on adjusting for the reduction of loss absorbency where own fund instruments are taxed on write down under Solvency II.

February 20, 2019 WebPage Regulatory News
News

SRB Publishes Framework for Performing Valuations in Resolution

The framework provides independent valuers and the general public with an indication of the expectations of SRB on the principles and methodologies for valuation reports, as set out in the legal framework.

February 19, 2019 WebPage Regulatory News
News

BIS Paper on Effect of Securities Lending on OTC Market Liquidity

BIS published a working paper that studies how securities lending affects over-the-counter market (OTC) liquidity.

February 19, 2019 WebPage Regulatory News
News

US Agencies Extend Consultation Period for the Proposed SA-CCR

US Agencies (FDIC, FED, and OCC) extended the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.

February 18, 2019 WebPage Regulatory News
News

FED Extends Consultation Period for Stress Testing Rule

FED has published in the Federal Register a notice proposing amendments to the company run and supervisory stress test rules.

February 15, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for February 2019

EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.

February 15, 2019 WebPage Regulatory News
News

SEC Proposes Rule on Risk Mitigation Techniques for Uncleared SBS

SEC proposed a rule that would require the application of specific risk-mitigation techniques to portfolios of security-based swaps (SBS) that are not submitted for clearing.

February 15, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2623