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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