ECONOMY - FINANCE - BUSINESS / Banks

Member states postpone agreement on banking risk reduction package until May

Brussels, 13/03/2018 (Agence Europe)

There was ultimately no significant breakthrough on the banking risk reduction legislative package at the meeting of the Economic and Financial Affairs Council of the EU on Tuesday 13 March. On Tuesday morning, the ministers decided to remove this point from their agenda and postpone any possible agreement until the next formal meeting of the Ecofin Council in May.

The subject was, however, debated behind closed doors over breakfast, allowing discussions to be “freer”, according to one...