Spain taken to court over missed EU bank-resolution rules implementation
( July 8, 2026, 14:44 GMT | Official Statement) -- MLex Summary: The European Commission is taking Spain to the EU’s highest court for failing to put new bank-resolution rules into national law. The rules aim to clarify how much loss-absorbing financial backing banks must hold and how failing firms should be handled. Spain missed the November 2024 deadline and remains the only EU country not to report full adoption. The EU regulator said earlier warnings had not led to sufficient action by Spanish authorities and is now seeking financial penalties.Statement follows. ...
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