On 8 February 2019, the Presidency of the Council of the EU published a note concerning the general approach to the review of the European System of Financial Supervision (ESFS). The note mentions that the latest compromise proposal for a negotiating mandate on the European Supervisory Authorities framework, MiFID II and Solvency II, and the Regulation creating the European Systemic Risk Board, is now supported by all delegations. The Council is invited to invite the Presidency to start, as soon as possible, negotiations with the European Parliament on the basis of the complete ESFS mandate with a view to reaching an agreement at first reading.
