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EC Seeks Comment On Financial Services Action Plan Implementation

by Ulrika Lomas, for LawAndTax-News.com, Brussels

09 November 2005


The European Commission on Monday asked for comments regarding Part I of its Financial Services Action Plan (FSAP) evaluation, the first step of an exhaustive analysis of the impact of FSAP.

The first part of the exercise focuses on the process of adoption of the measures put forward in the Action Plan. The Commission now wants to have the views of all interested parties on how the process of adoption worked.

The EC stated that it is especially interested in views on general perceptions of the FSAP process, on consultation, on the Lamfalussy process and on lessons learned from the FSAP.

Internal Market and Services Commissioner Charlie McCreevy explained this week that:

“It is our job to ensure that the measures we adopt are of the highest possible quality, reflect the reality on the ground and have the potential to bring tangible benefits. That is why we’re now asking for comments on the adoption process of the FSAP. Such input will be invaluable when we come to analyse whether there are things we could do better in future.”

The deadline for comments is 31 January 2006.

The evaluation of the FSAP process will be carried out in two parts, and a full, overall assessment of the FSAP will then be presented in 2008/9.


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