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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.

 

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European Commission

 

  

N/A

 

 

 

Trilogues

Pease note that the French Presidency will inform about the trilogues on Twitter.

 

 

 

Council of the EU

Ministerial meetings

 

Eurogroup

Monday

Meeting page / Background brief

 

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.

 

European Economic Area Council

Monday

Meeting page / Background brief

 

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.

Economic and Financial Affairs Council

Tuesday

Meeting page / Background brief

 

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.

 








Preparatory body meetings

Monday

Type of body

Details

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

Committees

WORKING PARTY ON THE UNITED KINGDOM

Working Parties

Working Party on Financial Services and the Banking Union (Financial Services)

 

Wednesday

Type of body

Details

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)

 

*Note this is based on the initial draft agenda

 

 

European Parliament

 

Committee and Delegation missions

Committee / Delegation

Day

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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