New crisis management measures to avoid future bank bail-outs

Bank

The financial crisis highlighted that public authorities are ill-equipped to deal with ailing banks operating in today's global markets and has cost taxpayers a lot of money. The proposals adopted today by the European Commission for EU-wide rules for bank recovery and resolution will change this. They ensure that in the future authorities will have the means to intervene decisively both before problems occur and early on in the process if they do.

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