Sector Regulation Sector Regulation

EU banks allowed 'precautionary' state funding as Brussels invokes Covid-19 exception

By Jack Schickler
  • 16 Dec 2020 07:36
  • 05 Jul 2021 18:44
EU banks can get state resources without having to be wound up, after the European Commission triggered emergency provisions set out in the bloc's resolution laws, citing the Covid-19 crisis.

The move means distressed lenders within the bloc can get emergency public capital injections without being deemed to be failing —

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