The European Parliament has updated its procedure file on the proposal for a Regulation establishing a single resolution mechanism (SRM Regulation). The procedure file now indicates that the Parliament will consider the SRM Regulation in its plenary session to be held from 3 to 6 February 2014 as opposed to its previously scheduled 10 to 13 March 2014 session.
The Parliament has also published a newsletter on the plenary session, in which it states that the plenary will be asked for its formal endorsement of the position of the negotiating position adopted by the Economic and Monetary Affairs Committee (ECON) in December 2013. The Parliament will be asked to vote on the text as amended in the ECON report but it will not take a vote on the legislative resolution itself (that is, a vote to adopt the legislation at first reading).
View Single Resolution Mechanism and Single Bank Resolution Fund: uniform rules and procedure for the resolution of credit institutions and certain investment firms, 31 January 2014
View Ailing banks: Parliament will be asked to back ambitious approach, 30 January 2014