“The EU is thinking about limiting the withdrawal of deposits from distressed banks

– The European Union may give regulators additional powers, including to impose temporary restrictions on withdrawal of deposits from banks, faced with significant problems.

This approach will give regulators additional time to determine a strategy for further improvement the problem of the credit organization, follows from materials of the European Commission, available at the disposal of the Agency Bloomberg.

Withdrawal of deposits may be restricted or temporarily suspended (for up to five days) only after a Bank is officially declared distressed or close to bankruptcy (failing or likely to fail).

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