The European Parliament and the EU Council reached an interinstitutional agreement on the legislative package to reduce financial risks in the banking sector, after the Ecofin Council gave its political endorsement to the key results of the interinstitutional negotiations on Tuesday 4 December (see EUROPE 12150).
"Austria is very proud" of having been able to foster political agreement on new prudential rules that will make it possible to incorporate the TLAC standard into EU law and...