Brussels, 23/10/2013 (Agence Europe) - The European Council will reiterate the importance of the Council of the EU and the EP completing the banking union resolution chapter before the end of the current term of office.
This timeframe requires a political agreement from the member states on the draft single resolution mechanism (SRM) and the bank recovery and resolution directive (BRRD), which introduces standard resolution systems. An overall agreement could be possible at the December...