On Tuesday 19 June, the committee on economic and monetary affairs of the European Parliament reached its negotiating position with the Council of the EU on the package aiming to reduce risks in the European banking system, for instance by building the TLAC buffer into EU law.
“We have today sent a strong signal for greater financial stability and tailor-made regulatory requirements for small and low-risk banks”, said Peter Simon (S&D, Germany), one of Parliament's rapporteurs.
According...