Draghi says resolution framework is priority for 2013


A single resolution mechanism is a "key priority" for 2013, Mario Draghi, the president of the European Central Bank (ECB), told the European Parliament today (December 17).

Such a framework would complement the recent agreement over the single supervisory mechanism (SSM), which gives the ECB powers of oversight over large European banks. "Combined with possible direct recapitalisation of banks by the European Stability Mechanism and an envisaged single resolution mechanism, the SSM will go a

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