Buba's Dombret backs EU recovery and resolution plans
Andreas Dombret, a member of the Deutsche Bundesbank executive board, yesterday told a seminar in Salzburg that he backs the European Union's proposed recovery and resolution directive (RRD) – though he described the mixing of public and private funds in the resolution fund as "against the spirit of the RRD".
Dombret said he was "tremendously" troubled that "the ‘too-big-to-fail' problem still remains unresolved." The ratings uplift that banks still receive, when rating agencies incorporate the
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