In 2012, the EC will present legislative proposals on transparency obligations for retail investment products, revised rules on insurance intermediaries, a reinforced framework for UCITS and occupational pension funds. This will also be the year the EC starts significant work on regulating ‘shadow banking’, in accordance with the commitments made at the G20 summit in Cannes at the end of last year.
"A healthier financial basis has to be the starting point for sustainable growth and improved confidence in our great European Market. This is the purpose of the Single Market Act which we presented on 13 April 2011. It includes 12 levers to inject new life into our economy."
© European Commission
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