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By Antoine KREMER, ABBL ALFI Head of European Affairs
On 19 June 2018, the European Parliament’s Economic and Monetary Affairs Committee (ECON) adopted its reports on the so-called “risk reduction measures” or the 2016 “banking package”. The latter include four pieces of Commission draft legislation aiming at amending the Bank Recovery and Resolution Directive(BRRD), the Single Resolution Mechanism Regulation (SRMR), the Capital Requirements Directive (CRD) and the Capital Requirements Regulation (CRR). These four pieces of draft legislation represent the European Union’s transposition of a number of post financial crisis rules agreed upon at the level of the Basel Committee on Banking Supervision and at the Financial Stability Board...
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