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The recently established four expert groups of market practitioners in the banking, insurance, securities and asset management sectors will present their reports at the end of April. This will serve as the basis for an open, strategic debate on the EU framework for financial regulation and supervision in mid-2004.
Mr Bolkestein pointed out that the Commission will not come forward with an FSAP II in the short term. The focus will be set on correct and timely transposition, implementation and enforcement of agreed-upon rules in an enlarged Europe. However, the Commissioner also identified six remaining topics of the Commission work programme, which are: