RRP Directive to be Amended?

In a press release published on 19 September, the Economic and Monetary Affairs Committee of the EU Parliament opened the debate on the RRP Directive by stating its opinion that the Directive would need to be amended to take account of the initiative towards full EU banking union.

European Parliament Timetable for RRP and Banking Union

On 19 September the EU Parliament published procedure files indicating that it would consider the proposals:

EU Parliament to vote on Banking Union on 13 September 2012

On 10 September 2012, the EU Parliament published a new procedure file indicating that it intends to debate the legislative proposal for EU banking union on 12 September, the same day on which it is published by the EU Commission.  The EU Parliament will vote on the proposals on 13 September 2012.