The European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved on Thursday 19 November, with 49 votes in favour and 10 abstentions, the draft report by Caroline Nagtegaal (Renew Europe, the Netherlands) on the legislative proposal that seeks to ensure that the discontinuation of a widely used financial benchmark does not undermine the financial stability of the EU (see EUROPE B12535A14).
In the immediate term, the aim is to prepare, from the end of 2021, for the...