HISTORIC PRESS RELEASE : New Guide to the EU Financial Services Action Plan [August 2003]

The press release issued by HM Treasury on 6 August 2003.

HM Treasury, the Financial Services Authority and the Bank of England today jointly published a guide to the EU Financial Services Action Plan (FSAP). The FSAP consists of a set of measures intended to achieve a Single Market in financial services across the EU by 2005.

John Healey, Economic Secretary to the Treasury, commented:

“With the Financial Services Action Plan nearing completion, it is essential that all stakeholders should be consulted on, and fully understand, the measures. Together with the Financial Services Authority and the Bank of England, we have prepared this guide so that all those involved are aware of the impact of new measures and the competitive opportunities of further EU financial integration .”

The guide is intended for financial institutions, companies and consumer groups in the UK that are not yet sufficiently familiar with the FSAP’s potential impact.