IMF Staff Comments on
EU Commission Services Staff Documents
Last Updated: November 21, 2025
The EU Commission has launched public consultations on a variety of issues, relating to financial and other policies. The input that the IMF staff has provided in such consultations is provided below.
Please note that the views expressed are those of the IMF’s staff, and not necessarily those of the IMF’s management or Executive Board.
2011
Technical Details of a Possible European Crisis Management Framework
March 3, 2011
IMF staff appreciates the Commission’s efforts to better harmonize EU Member States’ legal and institutional arrangements for banking crisis management.... More
Reinforcing Sanctioning Regimes in the Financial Services Sector
February 18, 2011
The Consultation Communication correctly identifies the gaps and weaknesses in the present sanctioning regimes in the EU including divergences in the design and enforcement of sanctions... More
2010
Short Selling
August 5, 2010
Short selling and naked short selling have become a topic of public interest as a result of the ongoing financial crisis and the purported downward financial stock price spirals it created... More
Derivatives and Market Infrastructures
July 9, 2010
We support the European Commission’s efforts to produce European legislation that will govern in the same way for all EU countries, the OTC derivatives markets, the activities of CCPs, linkages between CCPs, and the features of instruments to be cleareds... More
Possible Further Changes To The Capital Requirements Directive
May 26 2010
Regulatory reform in the EU should establish a single rule book that provides the necessary tools to deal with country-specific risks to financial stability. This requires a change in prudential focus from the location of institutions to the location of exposures... More
An EU Framework For Cross-Border Crisis Management In The Banking Sector
January 29, 2010
We view an EU framework for cross-border crisis management and resolution in the banking sector as key to the successful completion of the EU’s single financial market and to effective EU financial stability arrangements needed to prevent and contain future financial crises... More
The Future "EU 2020" Strategy
January 15, 2010
Major amendments will be needed to ensure a credible and effective strategy. EU countries were a long way from achieving the Lisbon targets before the crisis. In renewing the strategy, it is essential to identify what its fundamental flaws were... More
Review of Directive on the Supplementary Supervision of Credit Institutions, Insurance Undertakings and Investment Firms in Financial Conglomerate
January 2010
Addresses a number of legal and technical issues, such as the correction of certain inadvertent consequences of the current FCD... More
2009
Review of Directive on Deposit Guarantee Schemes
August 12, 2009
In our view, the EU’s single financial market would best be served by a pan-European depositor guarantee scheme.... More
The Future of Financial Services Supervision in the EU
April 10, 2009
We support the thrust of the Group’s proposals and, in general, recommend their quick implementation... More