Brussels, 29/04/2016 (Agence Europe) - The deposit guarantee and bank resolution functions are “two sides of the same coin”, the Chairman of the US Federal Deposit Insurance Corporation (FDIC), Martin J. Gruenberg, said in Brussels on Friday 29 April, at a conference organised by the Single Resolution Board (SRB).
Gruenberg stressed that the money earmarked to protect bank deposits is often used to pay for some of the costs for the recovery and restructuring of a failing bank, for...