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Europe Daily Bulletin No. 10912

3 September 2013
ECONOMY - FINANCE - BUSINESS / (ae) banking
ECB critical of Ecofin banking agreement

Brussels, 02/09/2013 (Agence Europe) - The European Central Bank (ECB) says that 2018 is too late for entry into force of the bail-in rules and the member states have been given too much room for manoeuvre under the agreement reached at the Ecofin Council in June on the draft directive harmonising bank resolution and bail-ins. The Ecofin said the new rules would come into force from January 2018 (see EUROPE 10876), but Yves Mersch of the ECB's executive board said at the Alpbach European...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
EXTERNAL ACTION
SECTORAL POLICIES
BUSINESS NEWS NO 72
WEEKLY SUPPLEMENT