Video conference of economics and finance ministers, 4 November 2020

Summary:

EU Ministers responsible for financial and economic matters (ECOFIN) held a videoconference on 4 November 2020. The agenda included the following items:

• Discussion on a set of conclusions concerning anti-money laundering and terrorism financing;
• Briefing on the implementation of the 2017 Action Plan on non-performing loans (NPLs) in the banking sector;
• Presentation by the EFB chair of the EFB's 2020 annual report;
• Presentation by the Council Presidency of a number of sets of conclusions:
  • ECA special report on the European Semester;
  • Annual Sustainable Growth Strategy 2021;
  • EU statistics;
• Briefing on the discussions at the G20 finance ministers' and central bank governors' meeting;
• Briefing on the discussions at the IMF/World Bank annual meetings;
• Update on progress concerning a number of legislative initiatives:
  • Capital Markets Recovery Package;
  • Benchmark Regulation;
  • Cyber resilience;
  • Crypto assets;
  • Directive on administrative cooperation in the field of taxation (DAC 7).

• Primary Source

Official

General Secretariat of the Council: Background Brief for Video conference of economics and finance ministers, 4 November 2020 https://www.consilium.europa.eu/media/46596/background-en.pdf

European Commission: Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference (4 November 2020) https://ec.europa.eu/commission/presscorner/detail/en/speech_20_2031

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