EC's Barnier unveils new college approach to bank crisis resolution
European Commission proposals of extensive new powers at odds with Basel vision of colleges, and Cebs' new assessment of success of information-sharing initiatives
Today, the European Commission launched its proposals to enhance the continent's banking regulatory framework. At its heart is a 'European culture of prevention' built around supervisory and resolution colleges, said Michel Barnier, European commissioner for internal market and services, speaking at a press conference for the legislative initiative.
The proposals come after the Committee of European Banking Supervisors (Cebs) and the Basel Committee on Banking Supervision have also recently
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