21/11/2017 (Agence Europe) – A week after the ambassadors of the member states to the EU approved it (see EUROPE 11905), it was the turn of the MEPs of the committee on economic and monetary affairs, on Tuesday 21 November, to approve the inter-institutional agreement reached at the end of October (see EUROPE 11892) on two legislative proposals of the 'banking risk reduction' legislative package: - the proposed directive on the hierarchy of creditors to be mobilised in the event of bank resolution, bringing in a new category of assets made up of senior bank debt; - the proposed regulation of the application of the revised international financial standard IFRS 9, which provides for a transitional period of five years to run from January 2018. The first text was adopted by 44 votes to 8 and the second by 38 votes to 12. (MF)