EC crisis framework: national rules will be ‘monstrous’

Author: | Published: 11 Jan 2011
The EC’s proposed framework for crisis management is a huge undertaking that could take a decade to implement fully at member state level, say lawyers.

“I can say with absolute certainty that this isn’t going to be all in place for 2013,” said a partner. “10 years would be a reasonable estimate ... it’s a monstrous job.”

While the rules would be relatively easy to pass at...