• Resolution mechanism doesn’t mean bank bailouts; … should ‘bail-in’ creditors
  • Bank deposit guarantee not essential in the short-term
  • ‘Several’no EU states to participate in SSM
  • Supervisory role shouldn’t damage ECB’s reputation
  • Supervision needs risk classification system
  • ECB is investing in risk analysis capacity
  • Progress needed on bank resolution mechanism
  • Losses on bank legacy assets should be borne by shareholders, creditors and governments before any EU money is used (Reuters)

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