The European Parliament voted through key legislation on the SRM for eurozone banks, the Bank Recovery and Resolution Directive (BRRD), and upgraded rules to protect deposits.
The European Commission’s Expert Group on DRFs and Eurobills presented its report to ECON and Graham Bishop explained his plan for a Temporary Eurobill Fund.
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The European Parliament voted through key legislation on Single Resolution Mechanism (SRM) for eurozone banks, EU-wide rules for the winding down of failed banks – the Bank Recovery and Resolution Directive (BRRD) – and upgraded rules to protect deposits up to €100,000 (DGS).
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Council then agreed the texts of MiFID II, the SRM and BRRD and commentators reacted to these agreement as well as on PRIIPS and UCITS V.
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Efforts to boost securitisation were reinforced by the ECB and Bank of England.
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Full details of the AQR, Comprehensive Assessment and Stress Tests were published.
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© Graham Bishop
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