Publication

Two years after the London G-20, the EU is well advanced in delivering upon the commitments made for the 2013 target date. Important steps were taken on the institutional side, and regulatory changes are moving ahead. On some issues, such as remuneration, the EU has made even more pronounced headway than the US. But some sensitive matters remain, such as bank resolution or structural changes. This article will first discuss the role of the new European Supervisory Authorities (ESAs), followed by a review of the measures adopted or currently under discussion, to conclude with the financial stability issues raised by the sovereign crisis.