Brussels, 18/10/2013 (Agence Europe) - The European Summit will ask the ECOFIN Council to urgently prepare a European approach to backstops to fill bank capital gaps for which no private solutions are available.
Next year, in preparation for introduction of the bank supervision mechanism, the European Central Bank will assess bank balance sheets and this will be followed by bank stress tests by the European Banking Authority. A draft conclusions document for the European Summit on Thursday...