The Italian Presidency of the Council of the EU has published a progress report on the draft Regulation on structural measures improving the resilience of EU credit institutions.

In the report the Presidency sets out the state of play and possible way forward on certain key policy issues covering:

• the treatment of proprietary trading;
• the separation of the other trading activities and the exercise of supervisory discretion;
• the legal, economic and operation links between the core credit institution and the trading entity;
• the interaction between competent and resolution authorities;
• the powers and duties of home and host competent authorities; and
• the proposed derogation from the structural measures.

The Presidency states that it expects Member State delegations to take note of the report, with a view to the incoming Latvian Presidency to make further progress on the draft Regulation and prepare for negotiations with the European Parliament.

View Presidency progress report on draft Regulation on structural measures improving the resilience of EU credit institutions, 22 December 2014