ECB's Mersch calls for clearer separation of powers in bank resolution framework
The European Central Bank's (ECB) executive board does not support putting one of its own on the board of the Single Resolution Mechanism (SRM), believing it is "better to maintain a clear functional separation between supervision and resolution", according to executive board member Yves Mersch.
In a speech, The single market and banking union, yesterday at the European Forum in Alpbach, Mersch also argued the current agreement on a resolution framework – "decentralisation plus discretion" – in
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