EBA zeroes in on recovery and resolution trigger conditions

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The European Banking Authority (EBA) has unveiled its latest progress towards defining the exact conditions under which a European bank might be deemed to have failed or be about to fail, triggering a resolution process.

A key part of the European Bank Recovery and Resolution Directive (BRRD) is avoiding the use of taxpayers' money during bank resolution.

The BRRD specifies that an institution that cannot meet a shortfall in capital using private funds will automatically enter resolution except

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