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EU banks' separability under resolution subjected to EBA guidelines

( January 13, 2022, 16:47 GMT | Official Statement) -- MLex Summary: EU banks should consider how easily elements of their business can be separated and jettisoned in the event of collapse, draft guidelines published for consultation by the European Banking Authority today said. The institutions should take into account linkages like tax, mutual guarantees to bailout other banks and joint partnerships with insurance companies in such circumstances. A separate set of final guidelines address how banks can keep operations running and maintain access to payment networks in the event they need to be wound up. ...

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