Members of the EP are worried about the slow progress being made on key regulatory initiatives. They pointed, among other causes, to the failure of the Council's consensus model and to the attention paid to industry views. They said some legislative initiatives should have been started earlier and others, once started, should have been forced ahead more quickly. MEPs noted in particular concerns over the progress of key initiatives including MiFID 2, the Deposit Guarantee Schemes Directive (DGSD), the proposed Directive amending the Investor Compensation Schemes Directive (ICSD), the proposed Omnibus II Directive, the proposals to revise the Market Abuse Directive (MAD 2), the proposed Regulation on central securities depositaries (CSDs), the proposed Bank Recovery and Resolution Directive (RRD), UCITS V, the revisions to the Insurance Mediation Directive (IMD2), and the proposed Securities Law Regulation. (Source: MEPs Worried About Slow Progress, Motion for Resolution and EU Countries and Commission Need to Deliver Faster on Financial Sector Reform)