Brussels, 29/05/2015 (Agence Europe) - On Thursday 28 May, the European Commission decided to send reasoned opinion warning letters to eleven member states that have not yet fully implemented EU directive 2014/50 on bank recovery and resolution (the BRRD) that came into force on 1 January 2015.
The eleven countries, Bulgaria, the Czech Republic, France, Italy, Lithuania, Luxembourg, the Netherlands, Malta, Poland, Romania and Sweden, now have two months to comply with the EU rules, failing...