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EU Consultation on RRP for Non-Banks Now Expected in August 2012

On 23 July the EU Commission published an updated agenda regarding legislative proposals which it expects to adopt in the period between 18 July 2012 and 31 December 2012.  As part of its updated timetable, the consultation on possible recovery and resolution arrangements for systemically important financial institutions other than banks and large investment firms will now be published in August 2012, rather than July 2012.

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