SRM: Parliament Welcomes Progress but Much Work to be Done

On 12 March 2014, the EU Parliament issued a short press release regarding the ongoing trilogue negotiations with the EU Council over the Single Resolution Mechanism (SRM).  The Parliament acknowledged that progress had been made, but warned that there was still much work to be done and that crucial issues remained outstanding.  Detailed wording from the Council is awaited and negotiation over specific drafting is expected to take place next week.