The European Commission, Parliament and Council reached a much needed political agreement on the so-called ‘fast-track’ elements – IFRS 9, Large Exposures (LE) and Bank Creditor Hierarchy (BCH) – of the Risk Reduction Measures (RRM) package on 25 October. The political agreements saw the Parliament largely adopt the Council’s position across all files. On IFRS 9…

For years we have heard European pension systems are under strain, as a result of increases in life expectancy and declining birth rates.  Although many Member States have been reforming their pension systems to varying degrees to meet this challenge, the most recent financial and economic crisis had made the situation more difficult and more urgent. Higher…