EU needs to move on bank regulation
There is no easy way to sort out a mess in your banking system. That is the message from what has happened in Cyprus.
There is no easy way to sort out a mess in your banking system. That is the message from what has happened in Cyprus. It is now essential that the single banking supervision structure be introduced across Europe and there is a clear resolution system across the EU to wind up insolvent banks. Everyone needs to know where they stand. The comings and goings in Cyprus have sown considerable seeds of doubt, not only of...
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