European Central Bank (ECB) executive board member Benoît Cœuré today said he welcomed the European Commission's proposal for a Single Resolution Mechanism (SRM), which would hand the commission itself the ultimate power over whether, when and how troubled banks are resolved.
Speaking at the Growth and Investment Opportunities in Europe forum in Paris, Cœuré said that while the legal framework contained in the Bank Recovery and Resolution Directive "creates a stronger set of tools for winding do
- Next financial crisis “will be brewing” in shadow banking – Bullard
- James Bullard on 2% rates, tariffs and Fed leadership
- Policies must change to stop emerging markets crisis, analysts say
- Brian Wynter on Jamaica’s inflation-targeting transition
- Argentinian central bank raises large banks’ reserve requirements