The EU is putting in place a new framework which will strengthen the banking union and reduce risks in the financial system. The Council today adopted a comprehensive legislative package which will reduce risks in the banking sector and further reinforce banks’ ability to withstand potential shocks.
A briefing by the European Parliamentary Research Service.
Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and the European Banking Union will hold a meeting on Saturday, April 13, as part of a series of regular exchanges to enhance understanding of one another’s resolution regimes for global systemically important banks and strengthen coordination on cross-border resolution.
The EBA has received a notification from the Austrian Financial Market Authority (Finanzmarktaufsicht, FMA), in its capacity as Resolution Authority, in relation to the application of resolution measures to Heta Asset Resolution AG.