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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