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Europe Daily Bulletin No. 11819

30 June 2017
ECONOMY - FINANCE - BUSINESS / Banks
European Parliament starts work on revision of hierarchy of creditors called upon to contribute in event of bank resolution
Brussels, 29/06/2017 (Agence Europe)

Gunnar Hökmark (EPP, Sweden) has submitted to his colleagues at the economic and monetary affairs committee of the European Parliament his draft report on the proposed directive modifying the hierarchy of creditors called upon to make a contribution in the event of a bank resolution.

This text, of which EUROPE has had sight, approves the introduction of a new category of assets made up of senior but non-preferential bank receivables. It is close to the position of the Council of the EU...

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