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Author
Pilecka Aleksandra
Title
Financial Services Action Plan - stan realizacji i wpływ na kształt europejskiego rynku finansowego
Financial Services Action Plan - its Progress and Impact on the European Financial Market
Source
Bank i Kredyt, 2005, nr 1, s. 25-35, bibliogr. 10 poz.
Keyword
Rynki finansowe, Financial Services Action Plan (FSAP)
Financial markets, Financial Services Action Plan (FSAP)
Note
summ.
Company
Unia Europejska (UE)
European Union (EU)
Abstract
Financial Services Action Plan to szczegółowy plan działań w zakresie usprawnienia integracji europejskiego rynku finansowego przedstawiony przez Komisję Europejską w 1999 roku. Przybliżono cele strategiczne FSAP, stan ich realizacji. Omówiono kształt europejskiego rynku finansowego w okresie realizacji FSAP oraz plan działań po zakończeniu realizacji FSAP.

Completion of the consolidated European financial market construction is more feasible at present than several years ago. Many of the integration efforts pertain to the capital market because this segment of the European market still lags behind in the integration process. One of such initiatives is the large-scale Financial Services Action Plan (FSAP). Its legislative stage is coming to an end. This is thus a proper moment to ask about the changes that occurred in the European capital market in the recent years, about the importance of FSAP and about the future strategy. The first part of the article discusses the reasons for taking steps aimed at the capital market integration. The article also presents the objectives of FSAP and the measures used to achieve them. Further on, the article presents a detailed summary of the course and progress of each project. Another issue presented in the article is an analysis of the situation on the European financial market. Progress has been observed in the area of integration, its source, as well as the still present barriers to cross-border activities in the European market. The article concludes with an attempt to determine the measures to be taken after the FSAP implementation has come to an end. The scope of work planned by the European Commission, the areas on which attention should be focused as well as the activities and improvements proposed by the capital market experts have been presented. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Bibliography
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  1. Bank of England: After the EU Financial Services Action Plan: A new strategic approach. May 2004, http://www.hm-treasury.gov.uk
  2. F. Bolkestein: Learning the lesson of the Financial Services Action Plan. Edinburgh, 29 January 2004, http://europa.eu.int/rapid/start/cgi/guesten.ksh?p_action.gettxt=gt&doc=SPEECH/04/50 I 0 I RA-PID&lg=EN
  3. European Commission: Financial Services Action Plan, 11.05.1999, http://www.europa.eu. int/comm/internal_market/en/finances/general/actionen.pdf.
  4. European Commission, Financial Services. Nine months to deliver the FSAP, Eight Report, Brussels, 3 June 2003, http://www.europa.eu.int/comm/internal_market/en/finances/actionplan/progress8_en.pdf.
  5. European Commission: Financial Services. The FSAP enters the Home Straight, Ninth Report. Brussels, 25 November 2003, http://www.europa.eu. int/comm/internal_market/en/finances/actionplan/progress9_en.pdf.
  6. European Commission: Financial Services. Turning the Corner, Tenth Report. Brussels, 2 June 2004, http://www.europa.eu. int/comm/internal_market/en/finances/actionplan/index.htm
  7. European Commission: "Single Market News", No 33, April 2004.
  8. Final Report of The Committee of Wise Men on The Regulation of European Securities Markets. Brussels, 15 February 2001, http://europa.eu.int/comm/internal_market/en/finances/general/lamfalussyen.pdf.
  9. M. Janicka: Proces tworzenia jednolitego rynku finansowego Unii Europejskiej - stan obecny i perspektywy. "Bank i Kredyt" nr 6/2002.
  10. Securities Expert Group: Financial Services Action Plan: Progress and Prospects, Final Report. May 2004, http://www.europa.eu. int/comm/intemal_market/en/finances/actionplan/stocktaking.htm
Cited by
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ISSN
0137-5520
Language
pol
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