Economic and Financial Affairs Council, 5 October 2021

Summary:

A meeting of the Economic and Financial Affairs Council (ECOFIN) was held on 5 October 2021. The agenda includes the following items:

• Discussion on the implementation of the Recovery and Resilience Facility (RRF);
• Adoption of proposed Council Implementing Decision concerning the National Recovery and Resilience Plans (NRRP) for Malta;
• Exchange of views on the state of play regarding the SURE instrument;
• Exchange of views on the lessons learned from the European Semester 2021;
• Preparation for the meeting of the G20 finance ministers and central bank governors, and for the IMF annual meeting;
• Adoption of conclusions on climate finance, ahead of the COP26;
• Presentation by the European Commission on the proposed Solvency II review;
• Exchange of views on revising prudential rules for insurance and reinsurance companies, in the framework of Solvency II;
• Update by the Council Presidency on the existing legislative proposals relating to financial services;
• Update by the European Commission on the implementation of financial services legislation.

• Primary Source

Official

General Secretariat of the Council: Background Brief for the Economic and Financial Affairs Council, 5 October 2021 https://www.consilium.europa.eu/media/52192/background-brief-ecofin-05102021.pdf

General Secretariat of the Council: General Outcome of the Meeting - Economic and Financial Affairs Council, 5 October 2021 https://www.consilium.europa.eu/media/52278/st12440-en21.pdf

European Commission: Remarks by Commissioner Gentiloni at the ECOFIN press conference (5 October 2021) https://ec.europa.eu/commission/presscorner/detail/en/speech_21_5085

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