This work is being carried out by the Committee on Payment and Settlement Systems and by the Technical Committee of the International Organization of Securities Commissions. These two committees published new international standards for public consultation in March.
A second argument consists in the benefits of the European integration into the global economy and the advantages of the Common Market - like deregulation in areas such as telecommunications and in the public utilities sector. Finally, the establishment of the Monetary Union forces a restructuring in the corporate sector and facilitates new economic policies.