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Athens Macedonian News Agency: News in English, 14-03-20

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] FinMin Stournaras: Agreement on banks' Single Resolution Mechanism achieved

  • [01] FinMin Stournaras: Agreement on banks' Single Resolution Mechanism achieved

    ANA/MPA---The Greek EU presidency achieved an agreement in principle with the representatives of the European Parliament on the banks' Single Resolution Mechanism, according to Finance Minister Yannis Stournaras.

    Stournaras said he is satisfied with the agreement in this very important pylon of the banks' unification and called on all EU members-states to support it. "I really hope that it will open the way to get European Parliament and the Council's approval within the timetable we have set, taking under consideration the upcoming Europarliament elections," he noted.

    The creation of a single resolution board with major responsibilities in bank resolution cases as well as the creation of a Single Resolution Fund becomes possible after today's agreement. The approval of the agreed context by the members-states will allow the completion of the intergovernmental agreement for the operation of the Fund.

    The agreed text on the Single Resolution Mechanism must be approved by the permanent representatives of EU members-states in order to be ratified at the last session of the standing Europarliament in midst April.


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