Author (Corporate) | BBC |
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Series Title | BBC News |
Series Details | 23.06.13 |
Publication Date | 23/06/2013 |
Content Type | News |
EU Finance Ministers failed on the 22-23 June 2013 to reach a deal on new rules for bailing out European banks. However, the Irish EU Presidency aimed to achieve agreement on new pan-EU rules for dealing with failing banks which would be an important part of delivering on Banking Union before the end of their Presidency at the end of June 2013. The proposed legislation introduced by the European Commission in 2012 was aimed at providing national authorities with common powers and instruments to pre-empt bank crises and to resolve any financial institution in an orderly manner in the event of failure, whilst preserving essential bank operations and minimising taxpayers'exposure to losses. |
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Source Link | Link to Main Source http://www.bbc.co.uk/news/business-23020056 |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |