Brussels, 24/03/2014 (Agence Europe) - Several lobby groups have welcomed the agreement reached by member states' representatives and MEPs on the bank resolution mechanism (SRM) for the eurozone that will make it easier to wind up failing cross-border banks from 2015 onwards.
SRM includes the creation of a European resolution board, comprising representatives of the competent national authorities and European figureheads (see EUROPE 11043). The board will draw up bank resolution plans for...