Eurozone needs harmonised resolution tools, officials say

Commission proposals could bolster stability and common deposit insurance plans, say supervisors

European Central Bank

Eurozone countries should harmonise their tools for managing banking crises, several senior officials stressed at a June 7 conference.

Doing this would both increase financial stability and make it easier to create a cross-border deposit guarantee scheme, they argued.

A European Commission proposal published in April suggested increasing the level of protection of temporary high-deposit balances. It would also increase the number of lenders with access to resolution financing to include small

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