The Council of the EU has published the text of:
- the draft Directive amending the Bank Recovery and Resolution Directive as regards the ranking of unsecured debt instruments in insolvency hierarchy; and
- the draft Regulation amending the Capital Requirements Regulation relating to International Financial Reporting Standards 9.
Both texts have been published in advance of the Council’s formal adoption of them.
View Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards transitional arrangements for mitigating the impact of the introduction of IFRS 9 on own funds and for the large exposures treatment of certain public sector exposures denominated in other than domestic currencies of Member States, 1 December 2017