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Europe Daily Bulletin No. 9950

29 July 2009
Contents Publication in full By article 12 / 31
GENERAL NEWS / (eu) eu/financial services
Italian banks support binding mechanism for sharing financial burden

Brussels, 28/07/2009 (Agence Europe) - In its response to the Commission's consultation on the European financial supervisory system review (EUROPE 9859), the Italian Banking Association (ABI) said it supported the signing of “preventative agreements for sharing the budgetary responsibility in the different member states during crises” caused by the bankruptcy of a cross-border financial institution. In a press release the ABI declared that the, “amendment of the agreement on 'burden...

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