Clifford Chance
European Regulatory Reform Progress Report – Update 17 June 2011
20 June 2011
The European Union (EU) continues to develop its ambitious agenda for regulatory reform in the financial sector. The EU has played a leading role in the development of the G20's action plan to respond to the financial crisis and many of the actions being taken aim to implement the G20 plan. However, not all initiatives are crisis driven. A number of reviews of existing EU legislation were already scheduled to take place and the European Commission continues to develop new proposals designed to further integrate the Single Market. Since we published the April 2011 edition of this Progress Report, a number of EU initiatives have been delayed and we now expect that some of the legislative proposals that had been previously scheduled to be issued in June or July will be published after the Summer break.
Clifford Chance has prepared an updated version of its Report outlining the progress on this regulatory reform agenda, indicating the current status, next main steps and estimated implementation date for each measure. In addition, the report highlights significant new developments and outlines the major legislative proposals scheduled to be issued this year.
