Treasury asks permission to back EU risks reduction package

HM Treasury has written to the House of Lords European Committee and the House of Commons European Scrutiny Committee to request clearance to  vote in favour of amendments to the BRRD, CRD and CRR. The reform package is intended to address the elements of the Basel III framework which are still to be fully implemented.

HM Treasury request approval to vote in favour on the condition that a vote is held prior to the UK’s departure from the EU.