Lord Hammond of Runnymede
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ECOFIN, 22 January 2019
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The Chancellor of the Exchequer (Mr Philip Hammond)
A meeting of the Economic and Financial Affairs Council (ECOFIN) was held in Brussels on 22 January 2019. The UK was represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council discussed the following:
Early morning session
The Eurogroup President briefed the Council on the outcomes of the 21 January meeting of the Eurogroup, and the European Commission provided an update on the current economic situation in the EU. Following this, the Romanian presidency held a discussion on the priorities for the next EU institutional cycle.
European system of financial supervision review
The Council held a policy debate on the review of the European system of financial supervision.
InvestEU
The Council held a policy debate on the InvestEU programme.
Current financial services legislative proposals
The Romanian presidency provided an update on current legislative proposals in the field of financial services.
Presidency work programme
The Romanian presidency presented its work programme for January to June 2019.
European semester 2019
The Council adopted Council conclusions on the 2019 annual growth survey and the Council conclusions on the 2019 alert mechanism report. The Council also approved a Council recommendation on the economic policy of the euro area.
Economic and monetary union
The presidency provided an update following the euro summit in December 2018.
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