Banking: Council adopts creditor hierarchy, IFRS 9/large exposures rules

  • Press releases
  • 07/12/2017 13:08

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Employment, Social Policy, Health and Consumer Affairs Council
(photo: European Union)

On 7 December 2017, the Council adopted two legislative acts on banking:

  • a directive on the ranking of unsecured debt instruments in insolvency proceedings (bank creditor hierarchy);
  • a regulation on transitional arrangements to phase in the regulatory capital impact of the IFRS 9 international accounting standard.

Read more on the website of the Council of the European Union.