ARTICLE
1 September 2015

European Commission Publishes Management Plans For Economic And Financial Affairs, Financial Stability And Capital Markets Union

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A&O Shearman

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These DGs provide specialized services to the European Commission as departments of the Commission.
European Union Finance and Banking

On August 18, 2015, the European Commission published the 2015 Management Plans for the Directorate-General of Economic and Financial Affairs (ECFIN) and the DG for Financial Stability, Financial Markets and Capital Markets Union (FISMA) which replaces the financial services directorates of the DG for Internal Market and Services (which ceased to exist in 2014). These DGs provide specialized services to the European Commission as departments of the Commission. The Management Plans include the mission statements, objectives and strategies. ECFIN's objectives include to foster jobs, growth and investment and to promote prosperity beyond the EU. FISMA's objectives include to ensure that the EU financial sector is adequately supervised, stable, transparent and is conducive to growth and jobs, that effective investor protection is applied through the use of strict conduct and disclosure rules, and that the banking, insurance and pension sectors are stable and resilient due to adequate prudential, supervisory and resolution regimes.

The management plans are available at: http://ec.europa.eu/atwork/synthesis/amp/doc/fisma_mp_en.pdf   and http://ec.europa.eu/atwork/synthesis/amp/doc/ecfin_mp_en.pdf.

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