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Ministers' plan 'endangers' bank resolution regime, say MEPs

09.01.14 @ 13:23

  1. By EUOBSERVER

A new system to wind up failed banks would be weakened by the blueprint agreed by EU finance ministers in December, MEPs say. As negotiations began Thursday, the EP's negotiating team said the credibility and efficiency of bank resolution would be "endangered" by the plan, which includes an intergovernmental agreement.