BERLIN, Oct 8 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Tuesday that the European Commission could not be both a supporting and a winding-up agency for banks, and that a bank resolution mechanism could first apply to larger banks.
'We will stick to the two-step model for a resolution mechanism for European banks,' Schaeuble said at a conference in Berlin, adding the necessary legal steps were required at each point.
The bank resolution mechanism could apply first to system-relevant banks, in the same way as the new European supervisory body would monitor the largest banks, he added.
(Reporting by Gernot Heller, Reinhard Becker and Alexandra Hudson; editing by Erik Kirschbaum) Keywords: GERMANY SCHAEUBLE
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