On Friday 31 August, the European Commission approved the prolongation of Danish, Italian and Polish measures aiming to support the banking sector.
The Danish measure is a resolution scheme for small banks with total assets below €3 billion. It aims to make the work of the national resolution authorities easier when a bank ends up in financial difficulties. It was initially authorised by the Commission in September 2010(see EUROPE 10226) and was most recently prolonged in August 2017. This...