EU plans to prevent taxpayer cash being used to save failing banks
EU states and the European Parliament have the final say on the proposals, which also make it harder for governments to inject state aid into struggling banks, known as precautionary capital, a mechanism use by Italy for Monte dei Paschi in 2017. An explicit date for paying back the money or selling the bank will be required.
United States Valdis Dombrovskis Markus Ferber European Parliament Credit Suisse Silicon Valley Bank
Source: devdiscourse.com