UPDATE ON EU COMMISSION PROPOSAL FOR BANK RECOVERY AND RESOLUTION

The EU Commission has updated the Crisis Management section of it website to note the fact that it is currently undertaking final technical discussions with key stakeholders prior to the publication of its proposal for a European framework for bank recovery and resolution.

The Commission states that the discussions will take place over the next four weeks and are designed to lead to the swift adoption of the proposal.  The discussions will be based on a discussion paper focussed on the debt write-down tool (bail-in).  A summary of the discussion paper will appear on this blog very soon.

Early indications are that the Commission will publish its formal proposal at the end of May / beginning of June.

The EU Commission’s website can be found at:

http://ec.europa.eu/internal_market/bank/crisis_management/index_en.htm

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