Progress on key legislative files pending conclusion:
financial services
Working document for the 15 January 2016 ECOFIN meeting
|
No |
File |
Presented by the Commission |
State of play |
|
1 |
Insurance Mediation Directive (IMD II) Aim: to update existing provisions. |
July 2012 |
· Council adoption: 14 December 2015 · Signature and publication pending |
|
2 |
Money market Funds regulation (MMF) Aim: to create a regulatory framework for money market funds. |
September 2013 |
· Review in the Council WP ongoing |
|
3 |
Benchmarks Regulation (Benchmarks) Aim: to create a regulatory framework of financial benchmarks and indexes, as a follow up to the LIBOR scandal. |
September 2013 |
· Political Agreement: 24 November 2015
|
|
4 |
Banking Structural Reform (BSR) Aim: to strengthen financial stability by requiring the largest and most complex EU banks to separate potentially risky trading activities from their deposit-taking business. |
January 2014 |
· Negotiating Mandate: June 2015 · EP position pending |
|
5 |
Revision of the Occupational Pensions Directive (IORP) Aim: revision of the existing IORP Directive. |
April 2014 |
· Negotiating Mandate: December 2014 · EP position expected early 2016 |
|
6 |
Regulation on simple, transparent and standardised securitisation (STS) Aim: to lay down common rules on securitisation and create a European framework for STS securitisation. |
September 2015 |
· Negotiating Mandate: December 2015 · EP position pending |
|
7 |
Regulation amending CRR as regards securitisation (CRR) Aim: to revise the existing capital requirements regulation in relation to securitisation. |
September 2015 |
· Negotiating Mandate: December 2015 · EP position pending |
|
8 |
Regulation establishing an European Deposit Insurance Scheme (CBU/EDIS) Aim: to create a European Deposit Insurance Scheme to complement and gradually replace existing national deposit guarantee funds. |
November 2015 |
· Review in the Council to start |
|
9 |
Prospectus Regulation (Prospectus) Aim: to revise the existing prospectus rules to improve access to finance for companies and simplify information for investors. |
November 2015 |
· Review in the Council WP ongoing |
|
10 |
CRR Amending Proposal on exemptions for commodity dealers Aim: to prolong the current 'sunset clause' exemption for commodity dealers from large exposures and own funds requirements under CRR, before introducing a possible specific regime. |
December 2015 |
· Review in the Council to start |