European Update on RRP

On 4 May 2012, the EU Commission published an updated document setting out its regulatory agenda and timetable for the period between 30 April 2012 and 31 December 2012.

The document confirms that June 2012 is the anticipated month for both the legislative initiative on a framework for bank recovery and resolution, and for the publication of a consultation document on possible initiatives to strengthen recovery and resolution arrangements applicable to financial institutions other than banks and large investment firms e.g. hedge funds.

The document can be found here: http://ec.europa.eu/atwork/programmes/

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