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Archive

Simon Turmaine | December 11, 2013

BRUSSELS – Agreement on the establishment of a single resolution board and fund – together forming the single resolution mechanism (SRM) moved closer following a series of compromise proposals by the Lithuanian presidency of the Council of the European Union (EU), the fourth being published on 2 December 2013. These proposals will be discussed by the EU economic and finance ministers (Ecofin) with a view to closing a deal before year-end.

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