On 8 February 2019, the Council of the EU published three notes (dated 4 February 2019)  to delegations setting out compromise proposals relating to the European Commission’s proposed legislative reforms to the European System of Financial Supervision (ESFS):

The Presidency has invited the Council to agree on a general approach for the ESFS reforms, and encourages the Presidency to start negotiations as soon as possible with the European Parliament with a view to reaching an agreement at first reading.