Draghi calls for earlier adoption of bank-loss rules

04/5/2013 | Bloomberg

European Central Bank President Mario Draghi says EU regulators need to have authority by 2015 to subject bank investors to losses. "We would like to see these rules enter into force not in 2019, 2018, but way way earlier, like 2015," he said. It is important for the EU to adopt the framework to avoid "ad hoc" actions taken in Cyprus, Draghi says.

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