FINANCIAL SERVICES ACTION PLAN - FSAP

Approved by the European Commission on 11 June 1999, the Financial Services Action Plan (FSAP) sets down guidelines, for the years 1999-2005, for creating an integrated European financial market.  The FSAP sets three strategic objectives - and a timetable of measures specifically designed to achieve them: 1) integrating wholesale financial markets; 2) opening retail markets and services; 3) harmonising and strengthening supervisory rules. In assessing progress at the end of the 1999-2005 period, the European Commission noted that 98% of the actions called for in the FSAP were completed within the scheduled time period. The White Book named “Financial Services Policy for the 2005-2010 period” (COM (2005) 629 def., 1 December 2005) describes the Commission’s priorities for the years 2005-2010.
Editor: Maria Giovanna CERINI
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