ZBB 2026, 348
Report from Brussels: overview of pending and completed legislative initiatives in the area of financial services in the EU – content and state of play
With the 2024 – 2029 legislative cycle approaching soon its midpoint, this report provides an overview on the procedural state of play as well as of the content of the main pending and recently finalised legislative initiatives proposed by the European Commission in the area of financial services, in particular in the area of banking, insurance and capital market law as well as the European Savings and Investment Union. The report continues the previous report from 2024 (ZBB 2024, 321) and follows in its approach earlier reports from 2018, 2019 and 20221 with a cut-off date of 17 July 2026.
Contens
- I. Banking Related Measures: The reform of the Crisis Management and Deposit Insurance framework
- 1. CMDI summary
- 2. BRRD 3
- 3. SRMR 3
- 4. DGSD 2
- II. European Saving and Investment Union
- 1. EU securitisation framework
- 1.1 Amendment to the Securitisation Regulation
- 1.2 Amendment to the CRR
- 2. Financial Literacy Strategy for the EU
- 3. Commission recommendation on increasing the availability of Savings and Investment Accounts with simplified and advantageous tax treatment
- 4. Market integration and supervision package
- 4.1 Proposal for a Regulation as regards the further development of capital market integration and supervision within the EU
- 4.2 Proposal for a Directive as regards the further development of capital market integration and supervision within the Union
- 4.3 Settlement Finality Regulation
- 5. Retail Investment Package
- 6. Digital Finance Strategy: Regulation on open finance framework
- 7. Sustainable Finance Framework: Regulation on the transparency and integrity of ESG rating activities
ZBB 2026, 349
- 8. Insurance Law
- 8.1 Commission communication
- 8.2 Commission Recommendation on pension tracking systems, pension dashboards and auto-enrolment
- 8.3 IORP-amending-Directive
- 8.4 PEPP amending-Regulation
- III. Concluding assessment
- *
- *)Executive Adviser to the Executive Vice-President of the European Commission, Raffaele Fitto, and was the EU Single Resolution Board’s (SRB) General Counsel from 2020 until 2025, Brussels
- **
- **)Member of the SRB Secretariat, Brussels
- ***
- ***)Member of the SRB Legal Service, BrusselsThe views and opinions expressed in this contribution are personal and cannot be attributed to the institutions to which the authors are or were affiliated.
- 1
- 1)
Der Inhalt dieses Beitrags ist nicht frei verfügbar.
Für Abonnenten ist der Zugang zu Aufsätzen und Rechtsprechung frei.
Sollten Sie über kein Abonnement verfügen, können Sie den gewünschten Beitrag trotzdem kostenpflichtig erwerben:
Erwerben Sie den gewünschten Beitrag kostenpflichtig per Rechnung.
Erwerben Sie den gewünschten Beitrag kostenpflichtig mit PayPal.