IEU EURO Telegram 15 June 2016



# MONEY MARKET FUNDS

  • Money market funds: Council agrees its negotiating stance
  • June 2016 draft regulation on money market funds
  • EU Commission welcomes EU Council’s backing for a new regulatory framework of Money Market Funds

# FINANCIAL NGOS

  • EU Commission adopts proposal to help fund financial services NGOs

# EMU

  • Update: Background brief on the Economic and Financial Affairs Council, 17/06/2016
  • Anti tax avoidance directive
  • Strengthening the banking union
  • Financial transaction tax
  • European Semester
  • Fighting VAT fraud: reverse charge mechanism
  • Money market funds
  • St 10192 2016 Init External Representation: improving EU and euro area representation in international fora EFC Report to ECOFIN
  • EESC: MONETARY POLICY AND THE PRODUCTIVE ECONOMY IN THE EUROZONE

# EUROPEAN SEMESTER

  • St 10062 2016 Init European Semester review 2016
  • St 10122 2016 Init European Semester: Integrated Country-Specific recommendations - Approval and report to the European Council
  • St 9148 2016 Init Council Recommendation on the National Reform Programme 2016, delivering a Council Opinions on the updated Stability or Convergence Programmes

# BANKS

  • St 10037 2016 Init Draft Council Conclusions on a roadmap to complete the Banking Union
  • St 10176 2016 Init Strengthening the Banking Union: Presidency Progress report and draft Council conclusions
  • St 10036 2016 Init - Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance Scheme (First reading) - Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions "Towards the completion of the Banking Union”
  • EU Banking Supervision: Letter from Danièle Nouy, Chair of the Supervisory Board, to Mr Marco Zanni and Mr Marco Valli, MEPs, on the valuation of non-performing loans
  • Moody's affirms deposit ratings of Hellenic Bank and Bank of Cyprus; outlook changed to positive from stable

# EBA

  • EBA publishes its 2015 Annual Report

# ECB

  • EP Publications - 2016 : Monetary Dialogue on ECB of 21 June 2016 - Committee on Economic and Monetary Affairs
  • Topic 1 - Why has ECB’s very accommodative monetary policy not yet triggered a rebound of investment?
  • Topic 2 - Effectiveness of the ECB programme of asset purchases: where do we stand?
  • ECB: Speech  Vítor Constâncio: The challenge of low real interest rates for monetary policy
  • ECB Publication: Letter from the ECB President to Mr Csaba Molnár, MEP, on the activities of the Hungarian National Bank
  • ECB: Article: The role of euro area non-monetary financial institutions in financial intermediation (Economic Bulletin 4/2016)

# CAPITAL MARKETS

  • St 10243 2016 Init COMMISSION DELEGATED REGULATION (EU) …/... of 13.6.2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on the direct, substantial and foreseeable effect of derivative contracts within the Union and the prevention of the evasion of rules and obligations
  • St 10245 2016 Init COMMISSION DELEGATED REGULATION (EU) …/... of 13.6.2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards specifying the requirements on market making agreements and schemes
  • St 10246 2016 Init COMMISSION DELEGATED REGULATION (EU) …/... of 13.6.2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on the volume cap mechanism and the provision of information for the purposes of transparency and other calculations
  • St 10246 2016 Add 1 ANNEX to the COMMISSION DELEGATED REGULATION (EU) No.../.. supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on the volumen cap mechanism and the provision of information for the purposes of transparency and other calculations
  • St 9956 2016 Init Draft Directive of the European Parliament and of the Council amending Directive 2014/65/EU on markets in financial instruments - Adoption of the legislative act (LA)
  • St 9957 2016 Init Draft Regulation of the European Parliament and of the Council amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories - Adoption of the legislative act (LA)

# ESMA

  • ESMA publishes annual report 2015

# EIOPA

  • EIOPA publishes its Annual Report 2015
  • EIOPA and the China Insurance Regulatory Commission sign a Memorandum of Understanding

# BIS

  • Latest publications by the Bank For International Settlements
    • 15Jun/Øystein Olsen: Guardian of the monetary system 
    • 15Jun/Mojmír Hampl: The trilemma of the banking sector 
    • 15Jun/Maja Kadievska-Vojnovik: Global, European and Macedonian developments in the area of payment systems and services 

# EU REGISTERS

# EU PARLIAMENT

  • Amendments 1 - 86 - Budgetary capacity for the Eurozone - PE 584.194v01-00 - Committee on Constitutional Affairs

# EU COUNCIL

  • St 9531 2016 Init Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions
  • St 9325 2016 Init COUNCIL DECISION abrogating Decision 2010/401/EU on the existence of an excessive deficit in Cyprus
  • St 9328 2016 Init COUNCIL DECISION abrogating Decision 2010/289/EU on the existence of an excessive deficit in Slovenia
  • St 9329 2016 Init COUNCIL DECISION abrogating Decision 2009/416/EC on the existence of an excessive deficit in Ireland
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