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Financial services legislation
The European Union (EU) financial services legislation is an extensive and complex set of regulations and directives governing financial markets and institutions within the EU. This body of law aims to ensure financial stability, promote the integration of financial markets, protect investors and consumers, and support competition and innovation in the financial sector.
The legislation covers various aspects of the financial system, including capital markets, banking, insurance, pension funds, payment services, and the fight against money laundering and terrorism financing.
The legislation covers various aspects of the financial system, including capital markets, banking, insurance, pension funds, payment services, and the fight against money laundering and terrorism financing.
The EU regulations are supported by various supervisory authorities at the European level, including the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA), which work together to ensure consistent supervisory practices and financial stability in the EU.
The EU continues to develop and update its financial services legislation to address emerging challenges, such as digital innovation in fintech, environmental and social sustainability, and financial resilience in response to crises like the COVID-19 pandemic.
The EU continues to develop and update its financial services legislation to address emerging challenges, such as digital innovation in fintech, environmental and social sustainability, and financial resilience in response to crises like the COVID-19 pandemic.
