The ECOFIN Council made progress on the Single Resolution Mechanism (SRM) talks held yesterday, Tuesday. European Commissioner for Internal Market and Services, Michel Barnier said an agreement might be reached before the end of April.

As Commissioner Barnier stated: “Today, we made progress on a number of elements: The “trigger” is clarified as well as the allocation of roles between the executive and plenary sessions. The decision-making rules in the single resolution board have been made m...

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