Key Priorities

EXECUTIVE SUMMARY 2010

Following the worst financial crisis since 1929, our main objective for 2010 is to restore financial services consumers' confidence. In order to do so, we will focus on four key priorities:

A better governance of financial supervision

The European Authorities should put an end to the severe imbalance of interests' representation between the providers (the financial industries) and the financial services users.

Better transparency, liquidity, integrity, and efficiency of capital markets

The crisis has highlighted the failures of capital markets, especially but not only in the fixed income area. The “reintermediation” of capital markets by the banks should be limited and capital markets must serve primarily the investors and issuers' interests, not the financial institutions' ones.

A better protection of financial services consumers

We will focus on fair, clear and comparable information for all retail financial products, unbiased and competent advice a badly needed EU-wide collective redress scheme, and the elimination of tax discrimination against EU individual investors.

More responsible and more competitive lending

The crisis has demonstrated that banks should to get back to their core business of collecting deposits and lending to the real economy, with a real competition, and without using central banks', depositors' and taxpayers' money to fund high margin but risky investment and trading activities.

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Key Priorities 2010 (French)

Key Priorities 2010 (English)