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A European passport for financial services

Language: English Series: Commission of the European Communities Background Report ; (ISEC/B15/94) September 1994 (5)Publication details: 1994Subject(s): Summary: Introduces the `European passport` of EC directives coordinating the single market in banking, insurance and investment services. Explains the operation of the Second Banking Directive, Solvency Ratio Directive and the Own Funds Directive in the banking sector; various Life and Non-Life Assurance Directives for the insurance market; and the Investment Services, Capital Adequacy and Second Listing Particulars Directives in the securities industry.

Introduces the `European passport` of EC directives coordinating the single market in banking, insurance and investment services. Explains the operation of the Second Banking Directive, Solvency Ratio Directive and the Own Funds Directive in the banking sector; various Life and Non-Life Assurance Directives for the insurance market; and the Investment Services, Capital Adequacy and Second Listing Particulars Directives in the securities industry.