The European Parliament has published a press release announcing, that it has approved the proposed Bank Recovery and Resolution Directive (BRRD).

Additionally, the Parliament’s Committee on Economic and Monetary Affairs has published amendments to the text of the BRRD in which it highlights the changes it has proposed to the European Commission’s original legislative proposal.

View Parliament lifts bank bailout burden from taxpayers’ shoulders, 15 April 2014

View Amendments by the European Parliament to the Commission proposal on the Regulation (EU) No../2014 of the European Parliament and of the Council establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Bank Resolution Fund and amending Regulation (EU) No 1093/2010 of the European Parliament and of the Council, 9 April 2014