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
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