Economic and Financial Affairs Council, 16 June 2017

Formal meetings of the Economic and Financial Affairs Council in 2017:

+ Economic and Financial Affairs Council, 27 January 2017
+ Economic and Financial Affairs Council, 21 February 2017
+ Economic and Financial Affairs Council, 21 March 2017
+ Economic and Financial Affairs Council, 23 May 2017

A meeting of the Economic and Financial Affairs Council was held on 16 June 2017. The agenda includes the following topics:

+ Agreement on general approach regarding a draft directive on EU VAT rules for e-publications;

+ Agreement on general approach regarding a proposal for a Council directive allowing temporary application of a generalised VAT reverse charge mechanism;

+ Adoption of position on proposal amending directive on ranking of unsecured debt instruments in insolvency proceedings;

+ Adoption of position on proposal for a regulation on transitional arrangements for introduction of the International Financial Reporting Standard 9 (IFRS 9) and large exposures treatment of certain public sector exposures denominated in non-domestic currencies of member states;

+ Review of progress: proposal amending capital requirements regulation and directive; proposal amending bank recovery and resolution directive; proposal amending regulation on the Single Resolution Mechanism; proposal for a regulation establishing a European Deposit Insurance Scheme;

+ Adoption of the country-specific recommendations in the framework of the 2017 European Semester;

+ Decision to close excessive deficit procedures for Croatia and Portugal and launch significant deviation procedure for Romania;

+ Endorsement of a revised Code of Conduct of the Stability and Growth Pact;

+ Exchange of views on a presentation by the European Commission on the implementation of initiatives under the action plan for strengthening the fight against terrorist financing;

+ Presentation on the Mid-Term Review of the Capital Markets Union (CMU).