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Gunnar Hökmark: I welcome the agreement in Council on the insolvency hierarchy proposal

I welcome the adoption on a general approach on the insolvency hierarchy. It is important in order to ensure clarity for the industry, says Gunnar Hökmark.

Gunnar Hökmark is the European Parliament rapporteur for the proposal on insolvency hierarchy. He welcomes the agreement in Economic and Financial Affairs Council today.

My aim is to present my three draft reports (BRRD, SRMR, insolvency hierarchy) in the end of June. Then I will suggest a faster timeline on the hierarchy file in order to reach a quick agreement with Council, says Gunnar Hökmark.