Establishment of a private fund for the bail out of banks

January 4, 2016

Hat: The EU has set up a private fund for the support of failed banks financed by obligatory contributions from the financial sector.

Funding Scheme: 2016-01-04

Pgm2014 2020: Yes

Amorce:

The EU has established a private fund for the bail out of failing banks called Single Resolution Mechanism (SRM), which represents the second pillar of the European banking Union.

Text:

ARTICLE ONLY AVAILABLE IN FRENCH

Url description: Euractiv

Url: http://www.euractiv.fr/sections/euro-finances/premiers-pas-dun-fonds-prive-pour-renflouer-les-banques-320646