Newsletter January 2014: Progress on EU bank insolvency framework

BRUSSELS – The Economic and Monetary Affairs Committee of the European Parliament approved proposals for the Bank Recovery and Resolution Directive (BRRD) and Deposit Guarantee Schemes Directive (DGSD) in January 2014. BRRD will now be considered at a plenary session of the Parliament in February, with DGSD most likely due for consideration in April, just before European elections. Both drafts were agreed in trialogue with the European Council and Commission during December 2013.