The European Commission is on Wednesday to unveil proposals for the creation of a single bank resolution mechanism, a controversial step towards full banking union.
The plans will lay out how to wind up a failing bank and come after EU leaders agreed that the eurozone should have a single bank supervisor in 2014 to ensure that lenders do not get into difficulties in the first place.
A recent paper by France and Germany envisioned only loose rules on winding up banks although sever...
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