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December Update: Financial Services

4 December 2017

With 2017 drawing to a close, the Estonian Presidency is moving to the end of its time at the helm, and thoughts are already turning to the Bulgarian Presidency due to run for the first half of 2018.

Look out for DeHavilland EU's special briefing on the new Bulgarian Presidency later this month, featuring everything you need to know about the incoming leaders and their policy programme.

It's also a crucial time in the Brexit negotiations, as anxious businesses seek clarity on the future shape of the relationship between the EU and the departing UK.

Here, Florian Braeu, DeHavilland EU's Policy Analyst for Financial Services, gives you the lowdown on what to watch out for this December.

What's on the agenda this month

by Florian Braeu, EU Policy Analyst

The last month of a Council Presidency usually sees a flurry of agreements as the country in the chair tries to tick off some concrete achievements and tie up as many loose ends as possible.
 
Estonia will likely not reach agreement on the remaining elements of the risk reduction package for banks, discussed at the last ECOFIN Council of the year, but it may yet be hopeful of a deal with MEPs on the revised anti-money laundering directive.
 
The Parliament is meanwhile expected to vote on the results of the Panama Papers inquiry – an issue that will likely roll on into 2018, given further tax revelations in recent weeks.
 
MEPs will also discuss their positions on the risk reduction package, and hold a last exchange of views with outgoing Eurogroup President Jeroen Dijsselbloem.
 

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Florian Braeu, EU Policy Analyst
Florian Braeu
EU Policy Analyst

Florian is an EU Policy Analyst who works with DeHavilland EU's Financial Services clients. A graduate of Ludwig-Maximilians Universität in Munich and the University of St Andrews, he has previously worked in the office of an MEP and at the German Embassy in Beijing.