Sector Regulation Sector Regulation

Failing EU banks should be automatically stripped of licenses, SRB says

By Jack Schickler
  • 21 Apr 2021 05:40
  • 21 Apr 2021 05:40
EU banks deemed to be failing should be automatically stripped of their licenses, avoiding a legal limbo where they can neither carry on nor be wound up, the Single Resolution Board has said. 

The EU watchdog responsible for winding up failing lenders has taken aim at a range of European Commission carveouts from

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