The European Parliament’s Committee on Economic and Monetary Affairs today voted on a comprehensive legislative package to reform European banking rules (CRD, CRR, BRRD). The revision is intended to implement the Basel rules agreed at international level, to clarify existing EU laws and to align the requirements more closely with the size and business model of the banks. Trilogue negotiations with the Council of Member States and the EU Commission are scheduled to begin already after the formal announcement in the July plenary session of the European Parliament. An agreement is expected in early 2019 and the new rules would enter into force at the end of 2020.
Last update: 20/06/2018