As things stand, reinsurance undertakings are not subject to any uniform EU legal framework.

At EU level, there is a limited and imperfect regulatory framework that essentially focuses on e signatures.

Accordingly , the ECB and the Eurosystem provide advice on , and contribute to , the development of the EU regulatory and supervisory framework .

At EU level, the Commission continues improving the quality of legislation and the regulatory environment to make it fitter, more stable and predictable.

Fourth , the new regulatory framework on trade execution .

Prudential regulation is based on a largely harmonised EU wide regulatory framework , for which the European Commission is mainly responsible .

The notion of a regulatory framework is opposed to one of intervention , interference or meddling .

EU institutional framework

In recent years , the ECB and the Eurosystem have provided important contributions regarding the enhancement of the EU regulatory framework for financial services .

The review emphasised that the Lamfalussy framework has fostered significant progress in terms of the efficiency and transparency of the EU legislative process and in achieving a more consistent regulatory and supervisory framework .

The public sector should provide a legal , regulatory , supervisory and fiscal framework that fosters the equal treatment of , and equal access for , market participants across the EU . ECB Monthly Bulletin 10th Anniversary of the ECB Financial integration is market led process ...

The Eurosystem has also provided regular advice and input to the development of the legal , regulatory and supervisory framework for financial services , especially at EU level .

One particularly important regulatory framework is the one which concerns social policy .

close cooperation with the Member States , possible further clarifications of the home host arrangements for crisis management within the CRD and to submit proposals in this respect by the end of 2008 and ( iv ) a request to the Commission to assess possible regulatory enhancements as regards the transfer of assets within banking groups , the EU Winding Up Directive , and the role of deposit guarantee schemes and public sector support in crises .

Financial inclusion, supported by a strong regulatory framework, encourages responsible lending and promotes innovation.

Finally , the third article examines how the regulatory framework for corporate governance has evolved over recent years .

it gives advice on the legislative and regulatory framework for the financial system and direct rule making

At EU level, the Commission will work closely with Council and Parliament, to secure strong political support both for the aims and direction of each partnership as well as to speed up the delivery of the necessary regulatory framework.

Assessment of ways to streamline existing legislation on industrial emissions in the context of Better Regulation

The new process will be particularly important in ensuring that implementation of the forthcoming EU regulatory framework on capital adequacy in the banking sector is in parallel and consistent with the new Basel Accord , thus avoiding competitive disadvantages for EU financial institutions .

With a view to ensuring that the legislative and regulatory framework for financial services reduces obstacles to cross border finance and safeguards a level playing field among market participants , the Eurosystem actively contributes to the development of the EU framework for financial services by advising on the main policy reflections and initiatives .

FINANCIAL REGULATION AND SUPERVISION On the assumption that private sector action may fail to prevent the emergence of financial imbalances , the EU regulatory and supervisory framework aims to promote the overall safety and soundness of financial institutions .

At EU level, the Lisbon Treaty has firmly anchored development policy within EU external action.

It includes , for example , measures to further open EU markets and to simplify the regulatory framework within which business operates .

Association arrangements with the EU RTD framework programme.

In its opinion on this proposed new directive , the ECB welcomed the principles underlying the revised regulatory framework .

This is crucial to preserve the credibility of the EU fiscal surveillance framework .

It contained 42 key legislative initiatives proposed by the European Commission to update existing EU rules in the light of market developments and to extend the level of EU regulatory harmonisation in line with the single market objective .

(v) Creating a legal and regulatory framework with a view to promoting sustained economic growth and sustainable development

Core Principle VIII Efficiency can be achieved within the legislative framework of the EU .

Successful adoption and implementation of all these initiatives , including the present one , represent an indispensable contribution to the overall regulatory framework for securities markets .

The ECB is part of the institutional framework of the European Union ( EU ) . It maintains close relations with the institutions and fora of the EU .

These differences lead to important prudential deficiencies in the regulatory framework that is designed to ensure financial stability , and competitive distortions in otherwise highly competitive markets .

The EU fiscal framework sustainability and stabilisation Achieving and preserving sustainable public finances and the stabilising role of fiscal policies are the main objectives of the EU fiscal framework .

The ECB supports the intention to provide a harmonised regulatory and supervisory framework for the activities of alternative investment fund managers ( AIFMs ) in the European Union .

This should contribute to the establishment of a common regulatory framework for market players which may also be quickly adjusted if needed .

As well as obviously being a particularly effective strategy for large companies, while at the same time hindering access for small companies to the regulatory protection framework,

In other areas too , the implementation of the EU 's fiscal rules is being or could be improved .

Third , the Eurosystem has contributed to the development of various EU measures to reduce policy related obstacles to financial integration . Such measures have , for example , aimed to foster securities and banking market integration through the establishment of a more comprehensive and coherent EU legislative , regulatory and supervisory framework for financial services and for securities clearing and settlement .

The ECB would also recall the conclusions of the Committee of Wise Men on the need to devise a Community regulatory framework that is flexible and swiftly adaptable to changing needs .

As the possible impact on the market and the regulatory framework are not totally clear yet, a full assessment of the current and future situation should be made.

At a later stage, consider the adoption of a single EU framework Regulation covering passenger rights for all modes of transports (EU Codex).

At an EU Africa summit, the Portuguese Presidency planned to develop an agenda for cooperation.

As well as setting standards and adopting harmonisation measures, the EU must encourage a transnational framework for pooling efforts.

Associating national regulators does not necessarily mean creating a European regulator.