The EU's Response To The Financial Crisis: A Mid-Term Review

Two years after the London G-20, the EU is making good progress in delivering upon the commitments undertaken to be implemented by the 2013 target date. Important steps have been 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 and structural changes. By early 2011, the EU's response to the financial crisis was well advanced. The 'De Larosiere' institutions had been established, and proposals related to the G-20 commitments to regulate all markets, products and institutions and further streamline the single market had been adopted or were making progress in the discussions.