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


Legislative proposals in negotiation

There are 247 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
24.05.2023  Amendment of Regulation (EU) No 1286/2014 as regards the modernisation of the key information document.
Regulation com(2023)278
24.05.2023  Amendment of Directives (EU) 2009/65/EC, 2009/138/EC, 2011/61/EU, 2014/65/EU and (EU) 2016/97 as regards the Union retail investor protection rules.
Directive com(2023)279
12.05.2023  Report assembling specific payment account related data from Member States as required by Article 27 of the Directive 2014/92/EU.
Report com(2023)248
12.05.2023  Application of Directive 2014/92/EU on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic ...
Report com(2023)249
18.04.2023  Amendment of Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency.
Directive com(2023)228


Legislation currently being implemented

There are 129 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
25.11.2021  Amendment of Regulation (EU) 2015/760 as regards fund rules and requirements pertaining to i.a. the authorisation, investment policies of European long-term investment ...
Regulation com(2021)722
27.10.2021  Amendment of Regulation 575/2013, Directive 2014/59/EU as regards the prudential treatment of certain global systemically important institution groups.
Regulation com(2021)665
15.07.2021  Amendment of Regulation (EU) No 1286/2014 as regards the extension of the transitional arrangement for management companies, investment companies and persons advising ...
Regulation com(2021)397
15.07.2021  Amendment of Directive 2009/65/EC as regards the use of key information documents by management companies of undertakings for collective investment in transferable ...
Directive com(2021)399
21.04.2021  Amendment of Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting.
Directive com(2021)189


Legislation in force

There are at least 7 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
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.
20.07.2021  Information accompanying transfers of funds and certain crypto-assets (recast).
Regulation com(2021)422
24.09.2020  Markets in Crypto-assets.
Regulation com(2020)593
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