European Lawmakers Pass Rules To Keep Banks From Failing

Law360, London (April 17, 2019, 4:56 PM BST) -- European Union lawmakers have given the green light to rules they say will strengthen how resilient the bloc’s banks are to financial risk in a bid to prevent failing lenders from resorting to bailouts that are funded by taxpayers.

The European Parliament has approved rules that will force banks to set aside cash to boost the economy and absorb unexpected losses to help avoid government bailouts. The European Parliament waved through a package of rules on Tuesday that will force banks to set aside cash to boost the economy and absorb unexpected losses to prevent government bailouts. The overhaul to the...

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