On Friday 25 May, the European finance ministers will attempt to reach a qualified-majority agreement on the ‘reduction of banking risks’ legislative package, the adoption of which will shape progress in the work to move towards risk-sharing within Banking Union in the Eurozone.
This legislative package, which was tabled in November 2016 (see EUROPE 11674), introduces the TLAC buffer agreed upon at G20 level into European legislation for major systemic banks.
The entire discussion at...