This study has considered the impact that the Financial Services Action Plan and the legislative measures of the Financial Services White Paper have already had and should be expected to have in the future. These impacts are considered for the European Union as a whole and for each of the twenty-five individual Member States.
This study has been conducted at an early stage, with a number of important FSAP measures not yet implemented and most of the measures proposed in the White Paper still requiring further detailed consideration. This offers the considerable advantage there is yet time to influence the process and future developments, but also the challenge in assessment that many effects are not yet clear. Thus, central to our conclusions have necessarily been many expert judgements....
IX, 140 p.