One of the main objectives of reviewing Directive 2014/59/EU is to better safeguard taxpayers’ money by ensuring that the resolution framework can be applied whenever necessary. The use of taxpayers’ money should, with the introduction of a revised framework, be significantly reduced in order to ensure that industry-funded safety nets, including resolution financing arrangements, are more often and more effectively used.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
