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ARTICLE · 13 MARCH 2025

European Commission Publishes A "Competitiveness Compass" And Its Annual Work Programme – Key Aspects For Financial Services

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Improving competitiveness, including by way of simplification plus regulatory burden reduction, and the strategic autonomy of the EU's Single Market...

European UnionFinance and Banking
Michael Huertas
Michael Huertas
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QuickTake

Improving competitiveness, including by way of simplification plus regulatory burden reduction, and the strategic autonomy of the EU's Single Market more generally as well as for financial services more specifically has been placed in the spotlight in 2024 and continues to remain so in 2025. These considerations are part of the European Commission's longer-term priorities for the current 2024-2029 legislative cycle.

On 29 January 2025 the European Commission presented a Communication on a "Competitiveness Compass for the EU"1 and on 11 February the European Commission's long-awaited annual work programme (AWP) for 20252 along with respective Annexes3 (indicating which work is prioritised and which was to be deprioritised) was released.

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