Cœuré wants to fast-track resolution fund

benoit-coeure

Europe should accelerate the process of building a "genuinely common" single resolution fund (SRF), according to the European Central Bank's (ECB) Benoît Cœuré, and aim to complete it within five years instead of the 10 initially outlined.

The European Commission's proposal for a single resolution mechanism (SRM) calls for an accompanying fund of around €55 billion ($75 billion) to help resolve troubled banks. That sum will be contributed by the banks themselves on an annual basis over the cours

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