Disgrace at the heart of Europe
General: wider conditions for an optimal single financial market
Top priorities: adopt a directive on savings tax; implementation of the December 1997 code of conduct on business taxation
Strategic: a single EU wholesale market
Top priorities: upgrade the directives on prospectuses through a possible legislative amendment; commission communication on distinction between "sophisticated" investors and retail investors; commission communication updating the EU accounting strategy; implementation of settlement Wnality directive; directive on cross-border use of collateral; political agreement on proposed directive on takeover bids; political agreement on the European company statute; commission communication on funded pension schemes; political agreement on proposed directives on UCITS (undertakings for collective investments in transferable securities - unit trusts); directive on the prudential supervision of pension funds
Open and secure retail markets
Top priorities: political agreement on proposal for a directive on the distance selling of Wnancial services; recommendation to support best practice for information provision (mortgage credit); commission green paper on e-commerce policy for Wnancial services
State-of-the-art prudential rules and supervision
Top priorities: adopt proposed directive on wind-up of insurance companies; adopt proposed directive on wind-up of banks; adopt the proposal for an electronic money directive; amend the money-laundering directive; development of prudential rules for Wnancial conglomerates following the recommendations of the joint forum.