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Europe Daily Bulletin No. 10100

18 March 2010
Contents Publication in full By article 10 / 28
GENERAL NEWS / (eu) ep/financial services
Mario Draghi says Governments must not shy away from too-big-to-fails, says

Brussels, 17/03/2010 (Agence Europe) - At a hearing at the European Parliament on Wednesday 17 March 2010 on financial regulation that was also attended by national MPs, the chair of the Financial Stability Forum (FSF), Mario Draghi, said that governments must deal with financial institutions that are too-big-to-fail. He said this was important because banks know that the state always bails out the too-big-to-fails, which therefore feel they can take ill-judged risks and tend to downplay...

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