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Europe Daily Bulletin No. 10003

22 October 2009
Contents Publication in full By article 26 / 33
GENERAL NEWS / (eu) eu/financial services
Commission tests out idea of single authority for re-organising international banks

Brussels, 21/10/2009 (Agence Europe) - On Tuesday 20 October 2009, the European Commission adopted a communication on an EU framework for crisis management in the banking sector following the collapse of a cross-border bank. Opening a public consultation exercise that will run until 20 January 2010, the document tests out the idea of setting up a single EU authority that will work with the relevant Member States' authorities to re-organise banks active in more than one Member States. On the...

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