Directorate-General Financial Stability, financial services and capital markets union (FISMA)

Source: Europa Nu.

The main task of this Directorate-General is to coordinate the policies of the European Commission regarding stability on the financial markets. The Directorate-General has to ensure that the European Commission remains having an active role in the supervision of the financial markets. The banking sector is an important aspect in this.

The Directorate-General focusses on:

  • improving the investment environment
  • developping a regulatory framework to improve the resilience and stability of the financial services
  • ensuring the regulatory framework works well for citizens
  • ensuring timely and effective implementation of the financial services
  • improving the functioning of the European Systemic Risk Board and the supervisory agencies
  • ensuring the safety and modernisation of digital payments
 

1.

Legislative proposals in negotiation

There are 251 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
31.03.2025  Amendment of Regulation (EU) No 575/2013 on prudential requirements for credit institutions as regards requirements for securities financing transactions under the net ...
Regulation com(2025)146
 
28.03.2025  Communication to the EP concerning the Council's position on amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of ...
Communication com(2025)155
 
19.03.2025  Savings and Investments Union A Strategy to Foster Citizens’ Wealth and Economic Competitiveness in the EU.
Communication com(2025)124
 
26.02.2025  Amendment of Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting and due diligence requirements.
Directive com(2025)81
 
12.02.2025  Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union.
Regulation com(2025)38
 

2.

Legislation currently being implemented

There are 155 laws or other legal instruments of the Council and the European Parliament, previously proposed by this Directorate-General, which are currently being implemented by the member states.
Date Title
26.02.2025  Amendment of Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due ...
Directive com(2025)80
 
17.10.2023  Amendment of Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country ...
Decision com(2023)596
 
13.06.2023  Transparency and integrity of Environmental, Social and Governance (ESG) rating activities.
Regulation com(2023)314
 
18.04.2023  Amendment of Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities.
Directive com(2023)229
 
07.12.2022  Amendment of three directives regarding treatment of concentration risk towards central counterparties and counterparty risk on centrally cleared derivative transactions.
Directive com(2022)698
 

3.

Legislation in force

There are at least 6 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
20.02.2024  Amendment of Council Regulation (EC) No 147/2003 concerning certain restrictive measures in respect of Somalia.
Regulation join(2024)4
 
07.12.2022  Amendment of regulation 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity and independence of Ukraine.
Regulation join(2022)56
 
28.09.2022  Amendment of Regulation (EU) No 269/2014 on measures against actions undermining or threatening the territorial integrity and independence of Ukraine.
Regulation join(2022)43
 
12.09.2017  Amendment of decision on signing and provisional application of the agreement with the USA on prudential measures regarding insurance and reinsurance.
Decision com(2017)499
 
20.10.2011  Insider dealing and market manipulation (market abuse).
Regulation com(2011)651