Sector Regulation Sector Regulation

EU mid-sized banks' crisis rules need a shake-up, but no Covid bad bank, official says

By Jack Schickler
  • 08 Oct 2020 08:37
  • 08 Oct 2020 08:37

EU mid-sized banks’ crisis management plans will need further legislative changes, a senior European Commission official has said, warning that an EU-wide “bad bank” to hoover up toxic debt wasn't the right way to deal with sour loans resulting from Covid-19.

A commission action plan due within a few months is

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