October 24, 2017

EC adopted the 2018 work program and presented its plans for completing the work on the ten political priorities of President Juncker before the end of its mandate, along with a set of forward-looking initiatives for the future of Europe. EC will also review progress and set out the next steps to complete the Better Regulation Agenda, which is one of the ten political priorities of President Juncker.

The 26 initiatives in the 2018 work program include targeted legislative actions for priority policy areas and a number of forward-looking actions. The legislative actions include delivery of the Circular Economy Action Plan, completion of the Digital Single Market, the Capital Markets Union, the Economic and Monetary Union, and the Banking Union.  The completion plan for the Better Regulation Agenda includes more extensive engagement with the public, systematic evaluation, high-quality impact assessments, and a strengthened regulatory fitness (REFIT) approach. The approach is designed to force policy-makers and stakeholders to argue on the basis of evidence and expected impact. Additionally, it is supported by a new focus on enforcement to ensure swift and effective compliance with adopted laws.

 

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Keywords: Europe, EU, Banking, Insurance, Securities, Work Program 2018, REFIT, Better Regulation, EC

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