The EU Council has published its work programme for 1 July to 31 December 2016 under the Slovak Presidency. The Council has acknowledged that the EU agenda will be dominated by the practical and political consequences of Brexit, but financial services aspects of the programme include the following: (i) CMU – the Presidency aims to make progress on CMU and to focus on innovative means of financing for businesses; (ii) money market funds (MMFs) – the Presidency will aim to reach a political agreement with the European Parliament on MMFs; and (iii) combatting the financing of terrorism.
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