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Recital 3

Recital 3

(3)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.

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