EU launches public consultation on Credit Institutions Directive

The EU will also look at obstacles that come about from asset transferability within groups. Thus, stakeholders are particularly invited to give opinions on the problems of cross-border reorganisation and winding-up of banking groups and the obstacles to the transferability of assets in a crisis situation, as well as any gaps or ambiguities that they perceive in the current Directive.

The Directive aims to ensure that credit institutions and any of its branches within member states get reorganise

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