CRD approved amid chaos
BRUSSELS – In a chaotic mid-July scene, the European Parliament's Economic and Monetary Affairs Committee approved the Capital Requirements Directive , but with a host of amendments that could ultimately prove problematic, including the clause on comitology.
Rapporteur Alexander Radwan is credited with working hard to seek compromises on a variety of issues to get the text passed out of committee in the face of nearly 900 proposed amendments. But one observer who attended the July 13 session said it was clear that some agreements were not reached until just five or 10 minutes before the meeting on the CRD. "Some of the MEPs were actually proposing
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