ECB harmonises definition of agencies as issuers or guarantors of debt instruments – Transparency requirements of EU Securitisation Regulation now part of collateral framework – Use of rating tools to be phased out from general framework for monetary policy operations
The Eurogroup will first meet in regular format, followed by a Eurogroup meeting in inclusive format of 27 member states. The Eurogroup will discuss member states’ draft budgetary plans for 2019 and discuss the Commission opinion on Italy’s draft budgetary plan. There will also be a thematic discussion on Banking union: euro area aspects and a briefing on the October Euro Summit. Finally, the Eurogroup will discuss establishing a common backstop for the Single Resolution Fund and how to enhance the effectiveness of the precautionary tools of the European Stability Mechanism. The Eurogroup will also discuss the work on the roadmap for beginning political discussions on EDIS.