Euro Banks in Dark on Payment Rules for Resolution Fund
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Euro-area banks face uncertainty over how much they’ll have to pay into a planned 55 billion-euro ($76 billion) fund for saving or shuttering lenders as lawmakers wrangle over the rules for contributions.
The industry-financed fund is a key part of plans to build a Single Resolution Mechanism for handling failing euro-area banks. European Union member states are tussling with the European Parliament and among themselves over how money should be paid in.