Overview of the four main institutions of the European Union Financial essay
Legislation: New legislation is proposed by the European Commission and is usually adopted by the Council of the European Union and the European Parliament, although some laws are adopted only by the Council. Although legislation can be implemented through one of four procedures, by far the most important and common, this framework follows the publication of the EU OECD Financial Competence Framework for Adults in the European Union, published in, link. The framework provides a set of results-oriented financial literacy competencies that children and young people in the EU need to make good personal decisions. The strategy sets out four key priorities: removing fragmentation in the Digital Single Market, adapting the framework to facilitate digital innovation, promoting data-driven finance and addressing the challenges and risks of digital transformation, including increasing the digital operational resilience of EU financial institutions. European Parliament, European Council Council of the European Union, European Commission Court of Justice of the European Union CJEU European Central Bank ECB European Court of Auditors ECA European External Action Service EEAS European Economic and Social Committee EESC European,