Financial Integration in Europe

I Introduction, Summary and Consequences.- 1.1 The birth of the European Communities (EC).- 1.2 The EEC Treaty.- 1.3 The White Paper and the Single European Act.- 1.4 The internal market for financial institutions.- 1.5 Three freedoms.- 1.6 Strategies in 1993.- 1.7 Europe in 1993, the consequences for governments.- 1.8 Europe in 1993, the consequences for financial institutions.- 1.9 The road beyond 1992.- II Liberalisation of Capital Movements.- 2.1 Freedom of capital movements in 1993.- 2.2 Pre-1986 directives.- 2.3 The situation at the beginning of 1986.- 2.4 Directives since 1986.- III Credit Institutions and Investment Firms.- 3.1 Credit institutions and investment firms in 1993.- 3.2 Establishment and provision of services by credit institutions in the narrow sense.- 3.3 Coordination of credit institutions (I).- 3.4 Coordination of consolidated supervision of credit institutions.- 3.5 Coordination of annual accounts and consolidated annual accounts of credit institutions.- 3.6 Coordination of the publication of annual accounting documents of credit institutions.- 3.7 Coordination of provisions concerning own funds and solvency of credit institutions.- 3.8 Coordination of large exposures of credit institutions.- 3.9 Coordination of deposit-guarantee schemes of credit institutions.- 3.10 Coordination of reorganisation, winding-up and deposit-guarantee schemes of credit institutions.- 3.11 Coordination of consumer credit.- 3.12 Coordination of mortgage credit.- 3.13 Coordination of credit institutions (II).- 3.14 Coordination of investment firms.- IV Securities Markets and Undertakings for Collective Investment in Transferable Securities (Ucits).- 4.1 Securities markets and undertakings for collective investment in transferable securities in 1993.- 4.2 Coordination of the admission of securities.- 4.3 Coordination of public offer prospectuses.- 4.4 Coordination of information.- 4.5 European code of conduct relating to transactions in transferable securities.- 4.6 Coordination of undertakings for collective investment in transferable securities.- V Insurance Companies.- 5.1 The insurance market in 1994.- 5.2 Establishment and provision of services in the narrow sense.- 5.3 Coordination of non-life insurance.- 5.4 Coordination of motor vehicle liability insurance.- 5.5 Coordination of life assurance.- 5.6 Coordination of co-insurance.- 5.7 Coordination of insurance agents and brokers.- 5.8 Coordination of anneal accounts and consolidated annual accounts.- 5.9 Remaining coordination.- VI Pension Funds.