EU's TLAC proposal faces Dutch and German opposition

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EU's TLAC proposal faces Dutch and German opposition

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European flags in front of headquarters of European commission in Brussels in summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

In a joint paper obtained by GlobalCapital, Germany and the Netherlands said they were pushing against a draft legal text implementing the total loss absorbing capacity (TLAC) standard into EU law.

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