A New Landmark ECJ Case that re-launches on new basis the discussion and possible review of the Meroni Doctrine as a limitation to the establishment of new EU financial regulatory and supervisory agencies and the entrustment of appreciable public powers to such Agencies.
Commission presented normative Proposal following the Liikanen Report aiming towards what could be construed as a kind of European Glass-Steagall Act for the Twenty First Century – However the current political odds do not seem to favor such Proposal.
Political Agreement at the level of European Parliament for the Commission Proposals on Banking Resolution as a key component of European Banking Union (20 March 2014) and subsequent signature of Intergovernmental Agreement on the Single Resolution Fund (21 May 2014).
In a long waited development, albeit to some extent disappointing in its final format and content, the Council and the European Parliament have adopted a Directive (BRRD) and a Regulation (SRR) establishing EU rules for banking resolution.
New banking resolution regime is going to endure the test of practice in Portugal – the BES case as a test case in the context of the building of the European Banking Union – key developments to be followed in the course of 2014.
The European Insurance and Occupational Pensions Authority (EIOPA) issued the second set of its Solvency II Guidelines in the official EU languages.
ECB has published Consolidated Banking Data for Dec-2014 - 28 August 2015. Four aspects are particularly notworthy, namely (i) the inclusion of newly harmonised, (ii) these supervisory data will facilitate richer statistical analysis, (iii) New data set are based on harmonised definition of non-performing-loans and (iv) total assets of credit institutions in the euro area increased in 2014 by €496bn to €28,085bn
The EBA issued its opinion on how to define what arrangements should be protected in a partial property transfer in banking resolution – 14 August 2015.
Professor Luis Silva Morais, Chairman of CIRSF, has been designated to the Appeal Panel of the European Banking Single Resolution Board (SRB), the new EU Agency entrusted with the task of establishing a recovery and resolution regime for banks in the Eurozone.
Political Agreement at the level of European Parliament for the Commission Proposals on Banking Resolution as a key component of European Banking Union (20 March 2014) and subsequent signature of Intergovernmental Agreement on the Single Resolution Fund (21 May 2014)
New partnership with EBI, Conference in Malta, 9 June 2017
June - July
The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities Markets Authority (ESMA) published annual reports