Brussels wants better crisis management in the banking sector

The European Commission wants to strengthen crisis management in the banking sector. To this end, existing EU regulations are to be extended to smaller and medium-sized institutions. In addition, the Brussels authority wants to expand deposit insurance. EU Vice President Valdis Dombrovskis said in Strasbourg that the banking sector in Europe is now much more resilient after the financial crisis and can rely on efficient crisis management. However, the past has shown that smaller and medium-sized institutions are often not protected in the event of failure.

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