Despite their brisk pace since September, inter-institutional negotiations on the 'risk reduction' package in the banking sector have only just discussed the fundamental elements of the legislative review aiming amongst other things to include the prudential TLAC standard in EU legislation.
In mid-October, the last trilogue negotiating session was “rather unproductive”, a parliamentary source said on Monday 29 October, adding that the discussions were at a “kind of stalemate”.
The...