EC publishes 2027 work programme

The European Commission (EC) has published its 2027 work programme, set out in a communication, outlining its key policy and legislative priorities for the coming year. The EC states that it has already tabled 12 Omnibus packages and other simplification measures. For financial services, the EC will table proposals to complete the Savings and Investments Union (SIU), including the reform of the venture capital framework and a bank competitiveness and simplification package, and will conduct a mid-term review of the SIU. It will also support the co-legislators' efforts to reach a swift agreement on the digital euro and, separately, propose a broader digital transformation package on simplification and copyright.

The EC also proposes to withdraw legislative initiatives that have failed to secure sufficient support in the European Parliament and the Council of the EU, including the Regulation on a framework for financial data access (2023/0205(COD)) (FIDA Regulation) and the Regulation establishing the European Deposit Insurance Scheme (2015/0270(COD)) (EDIS Regulation, to be replaced by the proposals on banking competitiveness in Q1 2027). Alongside the work programme, the EC published four annexes which set out its plans in more detail, including the relevant acts and proposals. It also published a factsheet.

Return to main website.