The European Commission's 2025 work plan and insurance

The European Commission's 2025 work plan has just been published, and for the insurance and financial sectors, the key takeaway is that the Financial Data Access (FiDA) proposal has been moved back under pending proposals compared to the leaked version!

What does this mean? Regardless of whether you support or oppose FiDA, trilogues will most likely start now. If you still want to influence the negotiations, this is where you should focus your efforts.

For background, every year, the Commission adopts its annual work programme, outlining the most important new policy and legislative initiatives for the year ahead.

The work programme is a key instrument for delivering on the commitments set out in the Political Guidelines and the mission letters sent by President von der Leyen to each College Member.

Once adopted, the work programme is presented to the European Parliament Plenary and subsequently to the General Affairs Council.

What new proposals are there for finance, insurance, and innovation —either directly or indirectly? Let’s take a closer look.

• Consumer Agenda, including an action plan for consumers in the Single Market
• Revision of the Sustainable Finance Disclosure Regulation
• Communication on a Savings and Investments Union
• Second Omnibus on investment simplification
• First Omnibus package on sustainability
• Review of the Securitisation Framework
• EU Start-up and Scale-up Strategy
• AI Continent Action Plan
• Quantum Strategy of EU
• European Business Wallet
• Single Market Strategy
• Digital Package