EU parliamentary committee recommends legislation on cross-border insolvency or "crisis management" for banks | Practical Law

EU parliamentary committee recommends legislation on cross-border insolvency or "crisis management" for banks | Practical Law

An update on the motion of the European Parliamentary Committee on Economic and Monetary Affairs, which proposes legislation to implement centralised European management of insolvent financial institutions in the EU.

EU parliamentary committee recommends legislation on cross-border insolvency or "crisis management" for banks

by PLC Finance
Published on 01 Jul 2010 • European Union
An update on the motion of the European Parliamentary Committee on Economic and Monetary Affairs, which proposes legislation to implement centralised European management of insolvent financial institutions in the EU.
Note: On 7 July 2010, the European Parliament issued a press release stating it has requested the European Commission to draft legislation as proposed by the motion discussed in this update.