Author (Corporate) | Council of the European Union: General Secretariat |
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Series Title | Press Release |
Series Details | PRES/14/167 (20.03.14) |
Publication Date | 20/03/2014 |
Content Type | News |
On 20 march 2014, the Hellenic Presidency reached a provisional agreement with representatives of the European Parliament on the Single Resolution Mechanism regulation. This was done in conjunction with the valuable input and contributions by the Chair of the IGC at Ministerial level, Jeroen Dijsselbloem, on the aspects of the Single Resolution Fund, which was intrinsic in reaching the overall agreement. The regulation will enable the establishment of a single resolution board with broad powers in cases of bank resolution, as well as a single resolution fund. Approval of the text will enable an intergovernmental agreement on the functioning of the fund. |
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Source Link | Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/141672.pdf |
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Subject Categories | Business and Industry, Economic and Financial Affairs |
Countries / Regions | Europe |