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. 

 

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

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