In December, the Member States and European Parliament reached a political agreement on the draft directive on the recovery and resolution of financial institutions. The MEPs and UNI Europa union obtained that the compromise should recognize employee representatives’ right to be informed and consulted in the recovery procedure, and should maintain working conditions for workers in the banking industry.
The compromise reached by the Council on December 18 on a framework for the recovery and resolution of banks comes before the negotiations on a single resolution authority and the resolution fund, finalizing the European system dedicated to ailing banks. The proposed directive aims to introduce the bail-in regime for banks facing difficulties.
Do you have information to share with us?