Ecofin hopes to end ‘urgent’ work on creditor hierarchies
EU finance ministers aim to agree on Friday on the creation of the non-preferred senior asset class, as proposed last November by the European Commission to ensure a uniform implementation Total Loss-Absorbing Capacity requirements.
The draft compromise had only a few changes compared with the initial text from the European Commission — something that suggested that there was a broad consensus on the proposal among the 28 member states.
Nevertheless, talks have been bumpy in the last few months. Two weeks
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.