Brussels, 07/06/2012 (Agence Europe) - The European Banking Federation (EBF) backs the European Commission's idea, set out in a draft directive, to introduce a bank collapse management programme (see EUROPE 10627). The EBF managing director, Guido Ravoet, said that if the recovery instruments fail to save a bank, then wind-down instruments would ensure continuity of the bank's key services that are economically viable. The EBF says the bail-in tool would be suitable for financing the...