Europe’s latest push to revive long-stalled negotiations over a single market for banks risks being undermined by efforts to change the rules for winding down failed lenders.
The plan, presented last month by Eurogroup President Paschal Donohoe, calls for the gradual creation of a joint deposit insurance along with other measures. Bank executives have long argued that a single market where they can freely move around deposits and capital is needed to be able to compete with their bigger and more profitable Wall Street peers.
