18/12/2018 (Agence Europe) – The Austrian Presidency of the Council of the European Union will not submit the legislative package on ‘risk reduction’ in the banking system to the Member States' ambassadors to the EU (Coreper) on Wednesday 19 December, which was the subject of an interinstitutional agreement in early December (see EUROPE 12152). Future new supervisory rules incorporate the international TLAC standard into EU law and modify the rules on the hierarchy of creditors...