With the draft report at the European Parliament having been scrutinised in committee for the first time on 16 October (see EUROPE 11884), the experts of the financial services working party of the Council of the EU met on Wednesday 25 October to continue their work on the proposed regulation on a recovery and resolution framework for central counterparties (CPPs).
The legislative proposal, presented at the end of November 2016, aims to complete and govern the recovery and resolution of CCPs...