Brussels, 23/01/2013 (Agence Europe) -On Wednesday 23 January 2013, the European Banking Authority (EBA) asked 39 too-big-to-fail European banks to draw up living wills and submit them to the regulatory authorities in their country. The living wills are to be based on international standards devised by the Financial Stability Board at the IMF.
The plans are intended to fill the interim period before a comprehensive legislative framework for the recovery and resolution of credit institutions...