ISDA slams proposals to expand BRRD moratorium powers

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ISDA slams proposals to expand BRRD moratorium powers

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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

The International Swaps and Derivatives Association (ISDA) has urged European lawmakers not to give resolution authorities greater powers to limit cash outflows from struggling banks, weighing into a heated debate about planned changes to the Bank Recovery and Resolution Directive (BRRD).

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