European Parliament Library

Euro Area Policies :, Selected Issues

This Selected Issues paper on Euro Area Policies reviews the integration of Europe’s financial markets and the challenges faced by the new European Union member states with respect to euro adoption. Markets in the Financial Instruments Directive are expected to become applicable in November 2007. The Directive injects new competition among financial intermediaries at all steps of a security’s transaction cycle, from the provision of investment advice to the practical execution and settlement of the transaction, and thus holds the promise to accelerate Europe’s apparently sluggish financial sector productivity growth
Table Of Contents
Cover; Contents; I. The Market in Financial Instruments Directive and the Transformation of Europe's Capital Markets; A. Introduction; B. Main Features of MiFID; C. Potential Impact on European Capital Markets; Tables; I.1. Capitalization of European Stock Markets at year-end 2006; I.2. Selected European Stock Markets- Sources of Revenues (end 2006, % of Total); D. Implementation Challenges; E. Conclusions; Annexes; Annex I.1. Financial Services, Activities and Financial Instruments Covered by MiFID; Annex I.2. European Comitology and the Lamfalussy process; References
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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