Brussels, 27/03/2014 (Agence Europe) - EU member states' representatives to the EU (on Coreper) approved an agreement on a resolution mechanism for banks (SRM) on Thursday 27 March (see EUROPE 11043).
On Wednesday, member states' experts and representatives of the European Parliament (EP) found common ground on when the bank resolution fund (SRF) shall come on stream (see EUROPE 11047). The regulation states that the SRM will come into force on 1 January 2015 and the SRF will come on stream...