The European Parliament’s Committee on Economic and Monetary Affairs adopted its negotiating position with the Council of the European Union on Wednesday 2 February, on the ‘Daisy Chain’ proposal for a directive revising the regulatory framework for the resolution of large failing banking groups.
Adopted by a large majority (45 votes in favour, 2 against and 11 abstentions), the draft report improves on the initial proposal via “the introduction of a cap for the deduction...