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Delay to EU bank 'daisy chain' rules is a case of Spanish favoritism, lawmaker says

By Jack Schickler ( January 13, 2022, 12:32 GMT | Insight) -- An EU banking law intended to plug a loophole in how large groups plan for their failure seems set to get mired in a familiar dispute between southern European countries and their more austere northern counterparts. EU lawmakers backing delays to proposed new rules for banking structures known as “daisy chains” were accused by colleagues today of showing favoritism towards Spanish banks with Latin American subsidiaries.An EU banking law intended to plug a loophole in how large groups plan for their failure seems set to get mired in a familiar dispute between southern European countries and their more austere northern counterparts. ...

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