Council makes progress on Banking Union: The Council meeting of finance ministers (ECOFIN) has agreed the Council's general approach on BRRD and the Directive on deposit guarantee schemes. It has also announced progress on the SRM file, on which it will try to reach agreement before the end of the year. (Source: Council Ready to Conclude Negotiations with the Parliament on Banking Sector Rules)

Presidency tables new PAD compromise text: The Presidency of the Council has published a new compromise text for the proposed PAD. Among other new provisions, the article on right of access to a payment account with basic features now says that Member States should ensure that payment accounts with basic features are not offered only as online facilities.(Source: New PAD Compromise)