Directorate-General for Financial Stability, Financial Services and Capital Markets Union
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The Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) is a
Directorate-General Within the European Union, Directorates-General are departments with specific zones of responsibility, the equivalent of ministries at a national level. Most are headed by a European Commissioner, responsible for the general direction of the Dir ...
(DG) of the
European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...
. It is one of the thirty three DG's that are created and named to reflect their functions. The main responsibilities of the Directorate-General FISMA is initiating and implementing EU policy in the area of Banking and Finance, including the
Capital Markets Union The Capital Markets Union (CMU) is an economic policy initiative launched by the former president of the European Commission, Jean-Claude Junker in the initial exposition of his policy agenda on 15 July 2014. The main target was to create a sin ...
as well as
Corporate reporting and auditing A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and re ...
due to operate from 2019. After the financial crisis that began in 2008, the EU responded with a series of reforms to ensure financial market stability and to enhance the supervision of financial markets. The operational role of DG FISMA is to ensure that EU legislation is fully implemented, to monitor the effectiveness of these reforms and to respond to any further financial risks that may become apparent. According to its latest organigram the DG FISMA is organized in five directorates: *Dir A - General affairs *Dir B - Horizontal policies *Dir C - Financial markets *Dir D - Bank, insurance and financial crime *Dir E - Financial systems and crisis management
Mairead McGuinness Mairead McGuinness (born 13 June 1959) is an Irish politician serving as the European Commissioner for Financial Stability, Financial Services and the Capital Markets Union since October 2020. A member of Fine Gael, she previously served as F ...
is the current EU Commissioner for this area since 2020;
John Berrigan John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second ...
is the Director-General and he manages DG FISMA. In the current legislature period (2019-2024) DG FISMA focuses on the achievement of one of the six top European Commission's political priorities, namely "An economy that works for people".European Commission
European Commission, DG FISMA Mission Statement
accessed 12 Aug 2020


See also

*
European Commissioner for Financial Stability, Financial Services and the Capital Markets Union The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union is the member of the European Commission responsible for banking and finance. The current officeholder is Mairead McGuinness. Responsibilities Th ...
*
Capital Markets Union The Capital Markets Union (CMU) is an economic policy initiative launched by the former president of the European Commission, Jean-Claude Junker in the initial exposition of his policy agenda on 15 July 2014. The main target was to create a sin ...
*
European Coal and Steel Community The European Coal and Steel Community (ECSC) was a European organization created after World War II to regulate the coal and steel industries. It was formally established in 1951 by the Treaty of Paris, signed by Belgium, France, Italy, Luxemb ...
(EGKS) *
Treaty of Rome The Treaty of Rome, or EEC Treaty (officially the Treaty establishing the European Economic Community), brought about the creation of the European Economic Community (EEC), the best known of the European Communities (EC). The treaty was sig ...
*
Single European Act The Single European Act (SEA) was the first major revision of the 1957 Treaty of Rome. The Act set the European Community an objective of establishing a single market by 31 December 1992, and a forerunner of the European Union's Common Fore ...
*
World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and ...
(WTO)


References


External links


DG Financial Stability, Financial Services and Capital Markets Union
Capital markets of Europe Internal Market and Services Finance in the European Union {{EU-stub