The ECB believes that the procedures suggested in this report will allow for a swift implementation of the priorities set out in the Financial Services Action Plan relating to the integration of securities markets. The reform of financial market regulation, also including the other measures foreseen in the Action Plan, will complement and enhance the effects of reform in the labour and product market.
The recession has clearly disrupted the future expectations and financial plans of millions of Americans, but even in the best of circumstances, effectively managing one’s longevity risk requires a level of financial knowledge well beyond that required of any previous generation.