Banks’ €700bn bail-in bill sparks sub debt solution hunt
Europe’s proposed bail-in laws could provide its banks with €500bn-€700bn of new loss-absorbing capacity while inspiring the creation of a new subordinated debt product to insulate senior creditors against losses, FIG specialists said this week.
The European Commission on Friday (March 30) started consulting key stakeholders in governments, central banks and legislative bodies as part of its final deliberations over bail-in the concept of avoiding further taxpayer bailouts of failing financial institutions by forcing losses on senior unsecured creditors.
Many observers complained that
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.