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EU banking state aid, resolution reviews will be in parallel, Vestager says

( February 8, 2021, 14:27 GMT | Official Statement) -- MLex Summary: An EU review of bank subsidy rules will run in parallel to an overhaul of its resolution regime for winding-up failing lenders, ensuring the two enter into force together, European Commissioner Margrethe Vestager has said in reply to a lawmaker's question. The move follows criticism from the EU's Court of Auditors and a request from finance ministers from the Eurogroup.Answer from Margrethe Vestager follows. Original lawmaker question attached. ...

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