A new phase now begins for the period 2005-2010, with a ve
ry different focus: consolidation of existing legislation, with few new initiatives; ensuring the effective transposition of European rules into national regulation and more rigorous enforcement by supervisory authorities; continuous ex-post evaluation whereby the Commission will monitor carefully the application of these rules in practice – and their imp
act on the European financial sector. Member States, regulators and market participants must play thei
...[+++]r role. If needed, the Commission will not hesitate to propose to modify or even repeal measures that are not delivering the intended benefits. This approach is essential to ensure that the hard-won European regulatory framework will function optimally – for the benefit of market participants, more than 20 million European businesses and 450 million citizens, and thus for the European economy as a whole.
Au besoin, la Commission n’hésitera pas à proposer une modification, voire l’abrogation, de mesures qui ne donnent pas les résultats attendus. Cette approche est essentielle pour assurer le fonctionnement optimal du cadre réglementaire européen conquis de haute lutte – dans l’intérêt des acteurs du marché (plus de 20 millions d’entreprises européennes et de 450 millions de consommateurs), et donc de l’économie européenne dans son ensemble.
