EC Mulls Takeover Powers For Regulators

14 Oct 2010

The European Commission is considering giving national regulators the authority to take over banks that do not meet new capital requirements.

The European Commission is considering giving national regulators the authority to take over banks that do not meet new capital requirements. Under the proposal, found in a document obtained by Bloomberg titled “An EU Framework for Crisis Management in the Financial Sector,” regulators could appoint a special manager ...

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