Securitisation and Regulation News

Banking reform package: EU Council Presidency withdraws latest compromise texts

The EU Council Presidency has withdrawn its latest compromise texts on the legislative proposals forming the banking reform package, which were published on 20 and 21 February 2018, and declared these texts null and void.

The withdrawn compromise texts related to the:

proposed Directive to amend the Bank Recovery and Resolution Directive (BRRD 2);
proposed Regulation to amend the Single Resolution Mechanism Regulation (SRMR 2);
proposed Regulation to amend the Capital Requirements Regulation (CRR 2);
and proposed Directive to amend the Capital Requirements Directive (CRD 5)