Policy making achievements & milestones 2019-2024 - Finance

Main highlights

Sanctions
14 packages adopted so far following Russia’s military aggression against Ukraine
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Anti-money laundering
24 April 2024 - European Parliament adoption of the Anti-money laundering package
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Capital markets union
2 February 2024 - Political agreement on the listing package
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Insurance
14 December 2023 - Political agreement on the review of the insurance rules
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Digital finance
29 June 2023 - Entry into force of the Markets in Crypto-assets Regulation (MiCA)
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Banking
27 June 2023 - Political agreement on the banking package regarding prudential rules
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Sustainable finance
5 January 2023 - Entry into force of the Corporate Sustainability Reporting Directive (CSRD)
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Key moments

2024

Entry into force
9 July 2024
Capital Requirements Directive VI (CRD VI) and Capital Requirements Regulation III (CRR III) (part of the EU banking package)
Adoption
24 June 2024
Sanctions against Russia: 14^th package
Adoption
24 April 2024
European Parliament adoption of the Anti-money Laundering and Countering the Financing of Terrorism package
Publication in the OJ
19 March 2024
Instant payments
Adoption
23 February 2024
Sanctions against Russia: 13^th package
Political agreement
22 February 2024
Seat selection for Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA)
Political agreement
8 February 2024
European Sustainability Reporting Standarts (ESRS)
Political agreement
7 February 2024
Clearing
Political agreement
5 February 2024
Environmental, social and governance (ESG) ratings
Political agreement
2 February 2024
Listing Act
Political agreement
18 January 2024
Anti-Money Laundering Regulation and new Anti-Money Laundering Directive

2023

Adoption
18 December 2023
Sanctions against Russia: 12^th package
Political agreement
13-14 December 2023
Review of the insurance rules
Political agreement
13 December 2023
Regulation to establish the new Anti-Money Laundering Authority (AMLA)
Adoption
22 November 2023
Sustainable finance: European green bond standard
Legislative proposal
17 October 2023
2024 Commission work programme: Benchmarks Regulation review and data-sharing between financial sector authorities
Adoption
3 August 2023
Sanctions against Russia: extension of the scope of sanctions on Belarus to fight circumvention
Political agreement
19 July 2023
Regulatory framework for investment funds
Political agreement
29 June 2023
Securities: Review of the regulatory framework for investment firms and market operators (MiFIR)
Entry into force
29 June 2023
Digital finance: Crypto-assets regulation
Legislative proposal
28 June 2023
Digital finance: Digital euro and legal tender of euro cash
Legislative proposal
28 June 2023
Digital finance: Financial data access and payments package
Political agreement
27 June 2023
Review of the Central Securities Depositories Regulation (CSDR)
Adoption
23 June 2023
Sanctions against Russia: 11^thpackage
Legislative proposal
13 June 2023
Sustainable finance package 2023
Legislative proposal
24 May 2023
Retail investment strategy
Political agreement
23 May 2023
Capital markets union: European Single Access Point (ESAP) on public financial and non-financial disclosures
Legislative proposal
19 April 2023
Banking union: Reform of bank crisis management and deposit insurance framework
Adoption
25 February 2023
Sanctions against Russia: 10^thpackage
Entry into force
16 January 2023
Digital finance: Digital Operational Resilience Regulation (DORA)
Entry into force
5 January 2023
Entry into force of the Corporate Sustainability Reporting Directive (CSRD)

2022

Adoption
16 December 2022
Sanctions against Russia: 9^th package
Legislative proposal
7 December 2022
Clearing and capital markets union package
Legislative proposal
18 October 2022
Energy crisis
Adoption
5 October 2022
Sanctions against Russia: 8^th package
Legislative proposal
21 July 2022
Sanctions against Russia: Alignment package
Political agreement
29 June 2022
Anti-money laundering: Transfer of funds
Political agreement
22 June 2022
Sustainable finance: Corporate reporting rules
Adoption
3 June 2022
Sanctions against Russia: 6^th package
Political agreement
10 May 2022
Digital finance: Cyber resilience rules
Adoption
8 April 2022
Sanctions against Russia: 5^th package
Legislative proposal
16 March 2022
Securities: Review of settlement rules in EU financial markets
Adoption
15 March 2022
Sanctions against Russia: 4^th package
Adoption
9 March 2022
Sanctions against Russia: Compliance package
Adoption
28 February & 2 March 2022
Sanctions against Russia: 3 ^rd package
Adoption
25 February 2022
Sanctions against Russia: 2^nd package
Adoption
23 February 2022
Sanctions on Russia’s aggression against Ukraine: 1^st package
Adoption
2 February 2022
Sustainable finance: Complementary Climate Delegated Act on gas & nuclear

2021

Legislative proposal
25 November 2021
Capital markets union package
Legislative proposal
20 July 2021
Anti-money laundering package
Strategy
6 July 2021
Sustainable finance for the transition
Adoption
15 February 2020
Coronavirus package on making capital markets work for the recovery
Communication
19 January 2021
Openness, strength and resilience

2020

Action plan
15 December 2020
Non-performing loans
Appointment
12 October 2020
Commissioner McGuinness responsible for financial services
Action plan
24 September 2020
Capital markets union
Entry into force
12 July 2020
Sustainable finance: Taxonomy Regulation
Adoption
24 June 2020
Coronavirus package on facilitating lending
Action Plan
7 May 2020
Anti-money laundering

2019

Appointment
1 December 2019
Commission mandate starts, EVP Dombrovskis responsible for financial services

Related links

General report on the activities of the European Union: