Category: EU Commission
Support Grows for a Central EU Bank Resolution Authority
EU Commission President, Jose Manuel Barroso has joined the growing call for all banks within the 27 Members States of the EU to be subject to a single cross-border supervisor, a single EU-wide deposit guarantee scheme and a single rescue fund. According to Mr Barroso, legislation could be in place as soon as 2013. The […]
EU Commission to Propose New Framework for Bank Recovery and Resolution on 6 June 2012
On 25 May 2012, the EU Commission released an agenda document detailing its proposal for bank recovery and resolution, to be published on 6 June 2012. The key elements of the proposal are: The proposal will be based on prevention and reducing the risk of bank failure, a key aspect of which will be the […]
European Update on RRP
On 4 May 2012, the EU Commission published an updated document setting out its regulatory agenda and timetable for the period between 30 April 2012 and 31 December 2012. The document confirms that June 2012 is the anticipated month for both the legislative initiative on a framework for bank recovery and resolution, and for the […]
Statement by Michel Barnier on the European Bank Recovery and Resolution Framework Proposal
On 30 March 2012, the EU Commission published a statement by Michel Barnier, European Commissioner for Internal Market and Services, on the proposed European framework for bank recovery and resolution. The Commission is in discussions with key stakeholders to finalise the proposal. The discussions will focus on the use of the bail-in tool, with specific […]
Update on EU Commission Proposal for Bank Recovery and Resolution
The EU Commission has updated the Crisis Management section of it website to note the fact that it is currently undertaking final technical discussions with key stakeholders prior to the publication of its proposal for a European framework for bank recovery and resolution. The Commission states that the discussions will take place over the next four […]