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11 December 2013

Graham Bishop's Blog: Governance of the SRM - Escalating complexity = inability to act in extreme crisis?

Graham reviews the latest text of the Terms of Reference for the Single Resolution Mechanism.

The Financial Times has published the latest text (link full text for FT subscribers) but market participants should now be asking if this effort is becoming counter-productive. Is it plausible that it will actually work in the extreme circumstances of the imminent failure of a major bank? The increasingly probable answer is NO.

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Graham Bishop - Consultant on EU Integration - Political, Financial, Economic, Budgetary

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