Negotiators from the European Parliament and the German Presidency of the EU Council reached a political agreement on Monday 30 November on the legislative proposal to ensure that the discontinuation of a widely used financial benchmark does not undermine the financial stability of the EU (see EUROPE B12535A14).
After an initial ‘trilogue’ held on 25 November, only one more negotiating meeting was needed to seal this agreement, the urgency of which was not lost on the co-legislators,