EU Commission's Update on the EU's Financial Regulatory Reform Program

On June 2, 2010, the European Commission published a Communication outlining its plans for adoption of financial reform measures through the end of 2011 and reviewing the status of its wide-ranging reform program published on March 4, 2009. The Commission stresses the need to advance swiftly to complete remaining reforms from the 2009 Program, while introducing a number of new proposals and amendments to existing measures. In the Commission’s view, the next six to nine months will be critical to the future of financial regulatory reform in the EU.