On 11 September 2018, the European Parliament voted to adopt a resolution on relationships between the EU and third countries concerning financial services regulation and supervision (the Resolution). The provisional text adopted is available here. The Resolution was set out in a report published on 18 July 2018, our blog on which can be found here. The Resolution addresses a number of areas relating to the EU’s relationships with third countries:
- relationships with third countries since the financial crisis;
- EU equivalence procedures; and
- the EU’s role in global standard-setting for financial regulation.
The European Parliament instructs its President to forward the Resolution to the European Council and the European Commission.