EU to Adopt Liikanen Proposals and Non-Bank RRP in 2013
On 21 January 2013, the European Commission published a timetable for certain legislative proposals that it expects to adopt between 1 January 2013 and 31 December 2013, including the following:
- Directive/Regulation on the reform of the structure of EU banks (i.e. the Liikanen reforms)
- Framework for crisis management and resolution for financial institutions other than banks
- Regulation on a single resolution authority and a single resolution fund within a Single Resolution Mechanism.