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The
rules, known as the bank recovery and resolution directive (BRRD),
seek to shield taxpayers from having to bail out troubled
lenders, forcing creditors and shareholders to contribute to the
rescue in a process known as "bail-in".
The Commission drafted the rules in response to the financial
crisis which started in 2008, giving the 28 countries in the
European Union until the end of last year to apply them.
It said Bulgaria, the Czech Republic, France, Italy, Lithuania,
Luxembourg, the Netherlands, Malta, Poland, Romania and Sweden
had yet to fall in line.
"If they don't comply within two months, the Commission may
decide to refer them to the EU Court of Justice," the EU
executive said in a statement, referring to Europe's highest
court based in Luxembourg.
(Reporting by Foo Yun Chee; editing by Adrian Croft)
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