The European trade association believes that several issues remain open given the challenges around the implementation of many provisions and unclear legal terms which could result in "potential misinterpretations and mistakes".
The European Council (EC) has under the Belgian presidency decided on a general approach to the RIS and is ready to move forward with what has been agreed on the technical side of the updated guidelines. On the value for money provisions, we are very likely to end up with a quantitative benchmark to be used by regulators as a supervisory or at least market screening tool - Thomas Wulf "The next step is for the proposal to be negotiated with Parliament, which will need to formally d