Bank crisis resolution - Commission engages in final technical discussion with stakeholders


"Our proposal on bank recovery and resolution is being finalised. This proposal is the final missing piece of the puzzle to implement the commitments agreed at international level by the G20 for reducing systemic risks in the banking sector. The new framework will be broad-ranging and will equip authorities with common and effective tools and powers to tackle bank crises at the earliest possible moment." Statement by Commissioner Michel Barnier.