Does the SRM mean the end of an era?
MADRID | By The Corner | The European Parliament is giving green light to the Single Resolution Mechanism (SRM) this week for ailing banks as well as the €55 bn fund to finance bankrupcies and restructurings. Amid claims that the Euro zone’s banking sector is now safer and better supervised, some international lawmakers point out that banks are still weakly capitalized. “Europe should be careful no to make promises that it won’t be able to hold afterwards,” they say.
