Reform of Bank Resolution for Global Financial Groups

by name voted on 13.09.2022

Summary

This proposal updates the rules for managing large international banks during crises and introduces new methods for them to meet capital requirements.

9 13.09.2022

Other

finance

economy

european union

business and competition

Key points

Updates the regulatory framework for the resolution of large-scale banking groups.
Amends existing EU regulations regarding prudential treatment and capital requirements.
Focuses on global systemically important institutions using multiple-entry resolution strategies.
Introduces a methodology for the indirect subscription of instruments to meet capital requirements (the 'daisy chain' proposal).

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

NI

The Left

Total

Speeches

2 Speeches in total

Pro

Contra

Roberta METSOLA

Roberta METSOLA

PPE

0:47 min

9. Negotiations ahead of Parliament’s first reading (Rule 71)

Roberta METSOLA

Roberta METSOLA

PPE

0:18 min

8. Signing of acts adopted in accordance with the ordinary legislative procedure (Rule 79)

Documents (PDFs)

REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 and Directive 2014/59/EU as regards the prudential treatment of global systemically important institution groups with a multiple point of entry resolution strategy and a methodology for the indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eligible liabilities Amendments to the Capital Requirements Regulation in the area of resolution (“daisy chain” proposal) ***I

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