EDIS: EU Council Presidency sets out state of play

The EU Council Presidency has published a state of play progress report, dated 25 November 2016, on the proposed Regulation to establish a European Deposit Insurance Scheme (EDIS) and the EU Commission communication on completion of the Banking Union published alongside the EDIS proposal.

The report summarises the Presidency's best assessment of the main outcomes of the discussions of the Ad Hoc Working Party on the Strengthening of the Banking Union (AHWP), established in January 2016 by the Permanent Representatives Committee (Coreper).

On EDIS, the Presidency highlights that Member States have showed willingness to continue constructive work at technical level in order to progress with solving identified issues. However, among other things, most delegations have continued to disapprove of the absence of a specific impact assessment accompanying the EDIS proposal, which the Presidency views would support progress on specific issues in the proposal.