The European Council has adopted new priorities on AML and CFT measures, in which MLD5, CRD5 and the ESAs will be critical.
The Council now wants the Commission to look at how it can further enhance the rules, in particular asking it to consider:
- how to ensure better regulatory cooperation;
- whether some things might be better addressed through a Regulation; and
- the merits or otherwise of conferring certain supervisory responsibilities on a EU body.
The Council has asked the Commission to report every 6 months on progress, starting in June 2020.