The last few months have been dominated by escalating events in Greece. While these events are important to the future of the European Union (EU), they have not delayed progress on important legislative and regulatory initiatives.
The Latvian EU Presidency secured an agreement amongst the EU institutions on the new Securities Financing Transactions Regulation (SFTR). Good progress was also made on other files, such as the Benchmarks Regulation and the EU General Data Protection Regulation.
Trialogue negotiations between the European Commission, the European Parliament and the Council have started. These negotiations are being led by Luxembourg, which officially took over the six-month rotating EU Presidency in July.