With a view to promote the stability, integrity and transparency of the global financial system, the association may include cooperation on international financial services.

The Union and the OCTs shall promote regulatory convergence with recognised international standards on regulation and supervision in the area of financial services including: the Basel Committee’s ‘Core Principle for Effective Banking Supervision’, the International Association of Insurance Supervisors’ ‘Insurance Core Principles’, the International Organisation of Securities Commissions’ ‘Objectives and Principles of Securities Regulation’, the OECD’s ‘Agreement on exchange of information on tax matters’, the G20 ...[+++] ‘Statement on Transparency and exchange of information for tax purposes’, the Financial Stability Board’s ‘Key Attributes of Effective Resolution Regimes for Financial Institutions’ and the Financial Action Task Force’s ‘International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation — the FATF Recommendations’.

(6) These activities include port services, logistics, the construction, repair, maintenance, inspection and classification of vessels, ship management and brokerage, banking activities and international financial services, insurance, advice and professional services.

Prosperity: key actions envisaged for 2007 Lisbon Strategy Annual assessment of progress and identification of areas for further action Start of new programmes for 2007-2013: 7th Research Framework Programme; Competitiveness and Innovation Framework Programme; Galileo; Trans European Networks; Marco Polo; Lifelong Learning; Customs and Fiscalis Actions to boost investment in research and innovation by Member States and the private sector, in particular through supporting markets for innovative goods and services, to strive for an attractive single market for researchers, and to enhance university-based research Launch of the Europe ...[+++]an Space Programme Employment Communication on “flexicurity”: aiming at a balance between flexibility and employment security Economic and Monetary Union (EMU) governance Enhanced monitoring of stability and convergence programmes and increase dialogue with the Member States likely to qualify for participation in the euro area Further development of the functioning of the euro area under the reformed Stability and Growth Pact and enhanced policy coordination Energy and Transport Preparing for the setting up of a European Observatory of energy markets Measures to support the completion of the internal market for electricity and gas Action Plan on intermodal transport logistics, aiming at alleviating traffic congestion and diminishing transport costs Measures foreseen by the NAIADES Action Plan to promote inland waterways transport and exploit its commercial potential Single Market Concessions (follow-up to the Green Paper on Public-Private Partnerships and EC public procurement and concessions) Payment services industry - to create a Single European Payment Area by 2010 Continued action to create a true internal market for financial services Proportionality of capital and control (one-share-one-vote) to enhance convergence between shareholders' financial contributions and their control rights in listed companies Promoting growth in wi ...

Summary code: Employment and social policy / Equality between men and women / Principle of non-discrimination based on sex Justice, freedom and security / Discrimination / Equal treatment for women and men – work and social dimensions Internal market / Single market for services / Financial services: insurance / Freedom to provide services Internal market / Single market for services / Financial services: general framework

We must: build on the approach set out in the directive to establish a fully functioning internal market for retail financial services; secure coherence between financial services legislation and the e-commerce Directive; secure coherence also between on-line and more traditional provision of financial services; and examine how the internal market clause will apply in areas where national rules significantly diverge, to avoid exposing consumers and investors to legal re ...[+++]gimes that may differ substantially from their own.