Results of ECOFIN – tax and financial services

23 January 2002

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Frits Bolkestein, Commissioner for Internal Market and Taxation, said that he was 'delighted that the Spanish Presidency is determined to keep up the momentum on implementing the Risk Capital Action Plan and the Financial Services Action Plan. They have recognised the central importance of an integrated financial sector for European competitiveness and growth.'

'I am in particular looking forward', he continued, 'to definitive adoption before the end of June of the proposals concerning Collateral, Market Abuse and International Accounting Standards and to political agreement on the proposals concerning supplementary Pension Funds, Prospectuses and supervision of Financial Conglomerates.'

See Commission press release and draft Council press release

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