Acid test for senior debt as EU intensifies bail-in fears
Investors in senior unsecured bank debt may soon be forced to confront the bail-in fears they have been trying to ignore for so long, as EU legislators move to degrade further the status of the asset class.
Next week could provide the biggest test yet of whether they are prepared to do so. Smaller banks in Italy and Spain, where senior debt is considered to be more at risk of losses, are canvassing buyers for potential deals.
The European Parliaments Economic and Monetary Affairs Committee this
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