European Parliament claims substantive agreement on EU bank resolution legislation

European Parliament

The European Parliament's economic and monetary affairs committee has reached agreement on "all the main important areas" of new bank recovery and resolution legislation, including agreeing a "broad scope" of assets liable to be called on for a bail-in, according to a Swedish member of the committee. The European Parliament was due to vote yesterday on the legislation, but the vote was postponed until May while the final text is agreed. Nevertheless, committee rapporteur and Swedish MEP Gunna