Fitch: State Support Will Remain for Most EU Wind-Down Banks

April 16, 2015 1:59 PM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: EU State-Sponsored Wind-Down Banks here PARIS/FRANKFURT, April 16 (Fitch) Fitch Ratings says in a new report that EU state-sponsored wind-down institutions would likely benefit from additional state support if needed, despite resolution legislation.

The implementation of the EU's Bank Recovery and Resolution Directive (BRRD) and practical mechanisms being put in place should ensure that resolution of systemically important European banks will be possible without state support. Fitch believes that we are reaching a point where state support for ...

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