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Legislation Update

On 3 June 2013, the EU Commission published an updated summary detailing the timetable for certain legislative proposals and non-legislative acts that it expects to adopt between 28 May 2013 and 31 December 2013.  Of most note are the following:

 

Initiative

Current Adoption Date

Previous Adoption Date (per April/May summary)

Regulation on a single resolution authority and a single resolution fund within a Single Resolution Mechanism

July 2013

No reference

Directive/Regulation on the reform of the structure of EU banks (the Liikanen Reforms)

October 2013

Q3 2013

Framework for crisis management and resolution for financial institutions other than banks

November 2013

No reference

 

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