Brussels, 09/07/2013 (Agence Europe) - On Wednesday, the European Commission will unveil draft legislation to establish a European bank resolution authority and fund by 2015.
After European common supervision, common bank resolution is the final part of the European Union's new banking union, an institutional set-up that all 6,000 banks in the eurozone will join (see EUROPE 10861). A high-ranking European Commission official said it would help reduce the current fragmentation of the single...