GRID
Welcome to the Grid for the EU institutions for the week ahead - 23 May 2022
The
Grid below gives you the key events in the Commission, Council and Parliament
this week. We show the events that are relevant to financial services
and economic affairs.
Details of GrahamBishop.com services are here: Gold Standard
European Commission
N/A
Trilogues
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Pease
note that the French Presidency will inform about the trilogues on Twitter.
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Council of the EU
Ministerial meetings
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Eurogroup
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Monday
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Meeting
page / Background brief
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Regular
format
Macroeconomic
and fiscal developments in the euro area
Ministers
will discuss the macro-economic developments on the basis of the
Commission Spring Forecast. Based on the updated economic outlook, the
Eurogroup will discuss the appropriate policy response, in view of the
current economic challenges, with a focus on fiscal policies.
Upcoming
vacancy of Managing Director of the ESM
Following
the call for candidates for the position of Managing Director of the ESM,
ministers are expected to have an exchange of views on the
candidatures received.
Draft
Budgetary Plans
Ministers
will receive a presentation from the Commission on its opinions concerning
the updated Draft Budgetary Plans of Germany and Portugal.
Inclusive
format
Banking
Union
Ministers
will discuss the draft work plan for the completion of the Banking
Union, building on the progress made during the Eurogroup in inclusive
format of 3 May and the work done by the High-Level Working Group (HLWG)
since then.
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European Economic
Area Council
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Monday
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Meeting
page / Background brief
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At
the 54th session of the European Economic Area (EEA) Council,
ministers will discuss the overall functioning of the Agreement on
the European Economic Area (EEA Agreement). They will also hold a
policy debate on reducing strategic dependencies in the fields of raw
materials and energy.
The
EEA Council is expected to adopt conclusions on the
cooperation between the EU and the EEA EFTA (European Free Trade Association)
states, including on the digital transformation and the green transition.
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Tuesday
|
Meeting
page / Background brief
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Economy
and finance ministers will discuss the economic and financial consequences of
the sanctions imposed on Russia after its unprovoked and unjustified military
invasion in Ukraine.
The
Council is expected to adopt its position (general approach) on the revised
ELTIF regulation. This regulation lays down uniform rules on the
authorisation, investment policies and operating conditions of EU alternative
investment funds (EU AIFs) or compartments of EU AIFs that are marketed in
the Union as European long-term investment funds (ELTIFs). The objective is
to raise and channel capital towards long-term investments in the real
economy, in line with the Union objective of smart, sustainable and inclusive
growth.
Economy
and finance ministers will be informed on the follow-up to the G20 meeting of
finance ministers and governors of central banks.
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Preparatory body meetings
Monday
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Type of body
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Details
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Working Parties
|
Working Party on Financial
Services and the Banking Union (Financial Services)
Working Party on Tax
Questions - Direct Taxation
|
Tuesday
|
Type of body
|
Details
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Committees
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WORKING PARTY ON THE UNITED
KINGDOM
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Working Parties
|
Working Party on Financial
Services and the Banking Union (Financial Services)
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Wednesday
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Type of body
|
Details
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Committees
|
Financial Services
Committee (FSC)
|
Working Parties
|
Working Party on Company
Law
Working Party on Financial
Services and the Banking Union (Financial Services)
Working Party on Tax
Questions - Direct Taxation
|
Thursday
|
Type of body
|
Details
|
Working Parties
|
Working Party on Financial
Services and the Banking Union (Financial Services)
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*Note this is based on the initial draft agenda
European Parliament
Committee and Delegation missions
Committee / Delegation
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Day
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Destination
(more information)
|
FISC
mission to Washington D.C.
|
Monday
|
Members of the FISC
Subcommittee will travel to Washington D.C. from 23 to 25 May 2022. The
delegation, led by the Chair, Mr. Paul Tang, will meet with representatives
of key institutions, such as the Senate’s Finance Committee, the US
Department of Treasury, the World Bank, the International Monetary Fund, as
well as stakeholders from the private sector and civil society.
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