European Commission adopts work programme for 2022

The EU Commission has adopted its 2022 work programme which sets out the next steps in its agenda towards a greener, fairer, more digital and more resilient Europe. The programme contains 42 new policy initiatives across its six political priorities, which includes an initiative on instant payments to foster the full take up of such payments across Europe. A legislative proposal is expected in Q2 2022.

The programme also sets out various priority pending proposals, including:

  • proposal for a Regulation on digital operational resilience for the EU financial sector (DORA);
  • proposal for a Regulation on a pilot regime for market infrastructures based on distributed ledger technology (DLT);
  • proposal for a Regulation on markets in cryptoassets (MICA);
  • proposal for a Directive establishing a framework for the recovery and resolution of insurance and reinsurance undertakings that are subject to Solvency II;
  • proposals designed to strengthen and modernise the EU AML/CFT framework;
  • proposal for a Directive on credit servicers, credit purchasers and the recovery of collateral;
  • proposal for a Regulation amending the SRM Regulation to establish a European Deposit Insurance Scheme; and
  • proposal for a Directive on consumer credits.

Lucy Hadrill