Liikanen, Non-bank RRP and SRM Rules Expected in H2
On 27 February 2013, the European Commission published an updated summary of the legislative and non-legislative proposals it expects to adopt between 21 February and 31 December 2013.
Among the legislative acts expected to be adopted are a:
- Directive/Regulation on the reform of the structure of EU banks (i.e. Liikanen), expected in Q3 2013;
- Framework for crisis management and resolution for financial institutions other than banks, expected in Q4 2013; and
- Regulation on a single resolution authority and a single resolution fund within a Single Resolution Mechanism (SRM), expected in Q4 2013.