An informal meeting of the Economic and Financial Affairs Council (ECOFIN) was held in Helsinki on 13-14 September 2019. The following was discussed:
Enhanced Action on Climate Change
Ministers discussed how to move climate action forward in the policy areas relevant for finance Ministries.
Ministers were then joined by central bank governors for the first working session.
Working Session I
Resilience of Financial Market Infrastructure
Ministers and central bank governors discussed the resilience of financial market infrastructure and the role of the financial sector in countering hybrid threats.
Capital Markets Union
Ministers and central bank governors then discussed the priorities in the field of the Capital Markets Union for the next institutional cycle.
Working Session II
EU Fiscal Rules
Ministers discussed the functioning of the current set of EU fiscal rules with the aim of providing input into the European Commission’s review of the EU fiscal framework, due in late 2019.
Ministers then discussed the present and possible future role of energy taxation in mitigating climate change, based on experiences at national and EU level.