The chairman of the Single Resolution Board (SRB), Dominique Laboureix, warned on Thursday 12 September in an article published at the Eurofi conference that overly strict European rules would limit the funding available to resolve failing medium-sized banks within the banking union.
The CMDI legislative package aims to facilitate the resolution of smaller banks by allowing the use, after mobilisation of the shareholders and creditors of the failing bank, of bridging finance from national...