Welcome to Better Europe's weekly update on EU Affairs. A MASTER PLAN FOR EU FINANCIAL INTEGRATION This week, the Commission launched a horizontal review of financial market infrastructure legislation, opening up a dozen of legislative files in a renewed attempt to build more integrated EU financial markets. Until last year, Brussels insiders would refer to such a package as an “Omnibus”, a concept that since this year refers to legislative proposals that deregulate while pretending to merely simplify things… so to avoid linguistic confusion, the Commission puts forward a “Master Regulation” and a “Master Directive” instead. Together, the two aim to overhaul the way that EU financial services are regulated and marketed throughout the EU, although “overhaul” is perhaps overstated. The most ambitious proposals such as mainstreaming integrated supervision, as…