Brussels, 15/04/2014 (Agence Europe) - The European Parliament officially approved the interinstitutional agreement on the bank resolution mechanism (SRM) on Tuesday 15 April in its final sitting before the European elections (see EUROPE 11060).
The MEPs also approved the BRRD directive harmonising national bank resolution schemes and introducing the principle of bail-ins in the EU, whereby shareholders and lenders are required to pay their share of bank collapse costs before any public...