07/12/2023 (Agence Europe) – Representatives of the European Parliament and the Council of the European Union reached an informal political agreement on Wednesday 6 December on a targeted proposal to revise EU law governing bank resolution (‘BRRD’ Directive, ‘SRM’ Regulation) to include proportionality requirements in the treatment, within a single banking group, of ‘MREL’ assets eligible for resolution (see EUROPE B13295A18). The text also introduces specific treatment of...