Maltese EU Council Presidency sets out work programme

On financial services, the Presidency has identified its priorities as:

• continuing discussions on the Capital Markets Union (CMU) action plan and taking forward outstanding elements;
• finalising Council discussions on the CMU proposals on securitisation;
• reaching political agreement in trilogue negotiations on the European Venture Capital (EuVECA) and European Social Entrepreneurship Funds (EuSEF) legislation;
• progressing the Commission's proposals to amend the Capital Requirements Regulation (CRR), Bank Recovery and Resolution Directive (BRRD) and Single Resolution Mechanism Regulation (SRMR);
• continuing work on legislative proposals on central counterparties (CCPs); and
• continuing work at technical level on the European Deposit Insurance Scheme (EDIS) proposal while aiming to progress risk reduction measures in the banking proposals.

Malta holds the rotating Presidency of the EU Council until 30 June 2017.