Other priorities of the Lamfalussy report are new directives on prospectuses accompanying the sale of new securities and on market abuses, such as insider trading.
The European Monetary Institute opened its doors in Frankfurt under the directorship of Alexandre Lamfalussy, a Belgian who had previously run the Bank for International Settlements.
After a report last year by Alexandre Lamfalussy, a former head of the European Monetary Institute, the European Union is trying to accelerate the process of tearing down barriers to a single capital market.