EBF’s response to the Commission’s consultation on a possible recovery and resolution framework supports a straightforward, all encompassing system that is part of an international initiative. It agrees a framework should minimise the systemic and fiscal consequences of bank failure and eliminate moral hazard. It says there must be certainty and links to supervisory tools to help prevent the need to use resolution tools. It says prevention, early intervention and resolution measures must be clearly defined and used proportionately. (Source: Positioning in respect of the EU Commission Consultation on Technical Details for a possible EU Framework for Bank Recovery and Resolution)