The First Secretary of State and Chancellor of the Exchequer (Mr George Osborne)
A meeting of the Economic and Financial Affairs Council will be held in Brussels on 10 November 2015. Ministers are due to discuss the following items:
Ministerial dialogue with the European Free Trade Association (EFTA) Countries
ECOFIN Ministers will meet their EFTA counterparts before the Council proper to exchange views on economic growth and structural reforms.
Current Legislative Proposals
The presidency will update the Council on the state of play of financial services dossiers.
Capital Markets’ Union
The Council will be invited to adopt conclusions on the Commission’s capital markets’ union action plan.
Implementation of the Banking Union
The Commission will give an update on several dossiers linked to the banking union: the single resolution fund, the bank recovery and resolution directive and the deposit guarantee scheme directive.
Single Resolution Mechanism—Rules for Bridge Financing
Ministers will be asked to provide guidance on the proposal for providing bridge financing for the single resolution mechanism.
Economic Governance and Follow-up to the Five Presidents’ report
The Council will have an initial discussion on the Commission’s recent package of proposals following the Five Presidents’ report.
Climate Finance
The Council will examine draft conclusions on climate finance which constitute the second part of the COP21 negotiating mandate.
Follow-up to the G20 and IMF meetings in Lima of 8-11 October 2015
The presidency and the Commission will report on the G20 and IMF meetings in Lima in October.
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