Demand escalates for reform of EU bank resolution rules
SRB chair, Spanish MEP and Danish resolution chief join push to end regional bank bailouts
European Union officials are calling for reform of the eurozone resolution regime and state aid rules, to prevent national governments from bailing out mid-sized domestic lenders.
Since 2016, the Single Resolution Board (SRB) has been responsible for ‘bailing-in’ failing eurozone banks. The resolution process is designed to ensure that private creditors take their share of losses before governments intervene with taxpayer funds. Where the SRB concludes that a failing bank is not significant
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