Released on Tuesday 3 October, the draft reports by the European Parliament’s three co-rapporteurs on the reform of the European framework for banking crisis management validate the overall approach of the ‘CMDI’ proposal for reform of the European bank crisis management framework (see EUROPE B13164A7).
But some of the amendments go against the European Commission’s proposal to create a single category of creditors who would be affected - as a last resort - in the event of the...