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The Board of the European Banking Federation (EBF) advocated the need for a Single Rulebook in European regulation, when they met today with Danish Minister of Economic Affairs and the Interior, current President of the Economic and Financial Affairs Council, Margrethe Vestager, on the occasion of the EBF Board meeting, held in Copenhagen. Europes banks representatives also expressed their support for a strong recovery and resolution regime, incl. bail-in, that would avoid having to call on taxpayers money if ever a new crisis would erupt. Bail-in will be crucial but it has to be properly calibrated, in order to avoid increasing the funding cost of banks, which would have a negative effect on the economy, explained Christian Clausen, President of the EBF and...
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