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A series of measures have been outlined in the Financial Services Action Plan to ensure an integrated financial market. The FSAP was endorsed by the Cologne European Council in June 1999 and the Lisbon European Council in March 2000 set the deadline of 2005 for its implementation. The Stockholm European Council strongly reaffirmed the importance of implementing the Action Plan by 2005 and set a new deadline of 2003 for the full integration of the European Securities markets.

The Action Plan suggested indicative priorities and time-scales for legislative and other measures to tackle three strategic objectives, namely ensuring a Single Market for wholesale financial services, open and secure retail markets and state-of-the-art prudential rules and supervision.

The main strategic objective of the FSAP is to enhance the functioning of underperforming pan-European financial markets and, by so doing, improve the prospects for sustainable, investment-driven growth and employment.

This timeline covers the main general events towards the creation of a single financial market up to 2004.

Financial Services Action Plan





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2004 Financial Services Action Plan - archive
2004-12-21 Report: The City and the EU - There must be a better way
2004-12-13 LSE rejects Deutsche Boerse bid
2004-12-13 BoE: Financial Stability Review
2004-12-07 Results of ECOFIN meeting
2004-12-02 FEFSI: Trends in the European Investment Fund Industry
2004-12-01 EPFSF: Market Integration and the Retail Consumer
2004-11-30 Banque de France: Financial Stability Review
2004-11-30 IMA calls for progress to be made on Cross-Border Mergers of Funds
2004-11-29 IOSCO: Regulatory issues arising from CIS Mergers
2004-11-29 IOSCO: Final Report on fees and expenses of Investment Funds
2004-11-16 FESE report on post-FSAP Priorities
2004-11-09 FEFSI: Trends in the European Investment Fund Industry
2004-11-08 Business gets behind Vote No campaign
2004-10-12 FIN-USE criticises the four reports of stocktaking groups on FSAP
2004-09-20 FBF: Review of Financial Services Action Plan
2004-09-17 Results of online consultation on cardstop Europe
2004-09-16 UK Parliament: Hearing on EU and Financial Services
2004-09-15 FBE: State of integration of Europe’s financial markets
2004-09-13 Results of Informal Meeting of Economics and Finance Ministers
2004-09-03 FEFSI: Trends in the European Investment Fund Industry
2004-08-02 Joint Forum provides outsourcing guidance to the financial sector
2004-07-22 UK Treasury: Hearing on EU and Financial Services
2004-07-15 Report on Commission conference “EUROPEAN FINANCIAL INTEGRATION: PROGRESS AND PROSPECTS”
2004-06-29 Speech: Trichet on Integration of the European Financial Sector
2004-06-25 Results of Commission conference on financial integration
2004-06-22 Bolkestein speech on Future Directions for European Financial Integration
2004-06-22 EFR key priorities to complete financial market integration
2004-06-15 EFR releases new recommendations on supervision
2004-06-08 FESE study on Ombudsman for Financial Services’ Providers
2004-06-07 IFSL report: London leading centre for hedge funds in Europe
2004-06-07 FEFSI: Trends in the European Investment Fund Industry
2004-06-04 Financial Services Committee report on Financial Integration
2004-06-02 Speech: Hans Eichel, Finance Minister of Germany on post FSAP
2004-06-01 FESE proposal on ombudsman for financial services’ providers
2004-06-01 FSAP tenth Progress Report
2004-05-28 After the Financial Services Action Plan: A new strategic approach
2004-05-17 LSE targets 20 percent of Dutch share trade
2004-05-06 Commission publishes Report of Expert Groups on state of financial integration
2004-05-06 FIM report on financial services
2004-05-04 Article on Review and Perspectives of Financial Services Integration in Europe
2004-04-05 EPFSF: Parliaments’ achievement in Financial Services
2004-04-03 Report of Informal Ecofin meeting
2004-04-02 First meeting of new FIN-USE forum
2004-03-29 FBE report on assessment and future priorities of FSAP
2004-03-22 Euronext growing competition with LSE
2004-03-19 BdB - Continuing the Integration of European Markets for Financial Services
2004-03-16 Bolkestein speech before EMAC – FSAP review and outlook
2004-03-15 EURIBOR-ACI recommendations on market integration for short-term debt instruments
2004-03-03 FEFSI: Trends in the European Investment Fund Industry
2004-03-01 EFR releases new report on consumer protection in retail financial services
2004-02-20 IOSCO: Regulation of remote cross-border financial intermediaries
2004-02-19 IOSCO consultation on regulatory standards on fees and expenses of investment funds
2004-02-05 FEFSI published International Statistical Release
2004-01-29 Bolkestein speech on the lessons of the FSAP
2004-01-20 Council agreed on locations for Lamfalussy Comittees
2004-01-20 Council approved new Merger Control Regulation
2004-01-16 EP adopted report on Hedge Funds
2004-01-12 Commission claims disparities between Member States in implementing and applying rules

Prior Years Reports