Looking at the Presidency briefing, today's ECOFIN discussion on European financial supervision promised to be difficult. It suggested that "Whereas some member states support the proposed reforms, a number of others are critical. In their view, the proposals don't reflect the results of the Commission's public consultation, and are insufficiently justified by its impact assessment. Concerns have also been expressed about the complexity of the proposals, and the additional burden this will place on market players." (more…)