Brussels, 04/06/2013 (Agence Europe) - On Wednesday 5 June 2013, the College of EU Commissioners will discuss the draft “single (i.e. common) bank resolution mechanism” to be unveiled by the Commission ahead of the European Summit, probably after agreement in principle on the EU directive covering national bank restructuring systems that it hopes will be struck at the Ecofin Council on Friday 21 June.
One of the key aspects of the new legislation is “governance” of the mechanism...