On 27 February 2024, the European Parliament published the text of a legislative resolution confirming that it had adopted at first reading the attached text of the proposed Directive amending the Bank Recovery and Resolution Directive and the Regulation establishing the Single Resolution Mechanism, as regards certain aspects of the minimum requirement for own funds and eligible liabilities. The proposed Directive is sometimes known as the “daisy-chain proposal”. The next step is for the Council of the EU to formally adopt the proposed Directive.