Liikanen at odds with UK and Europe over bail-in

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Liikanen at odds with UK and Europe over bail-in

Erkki Liikanen, the Finnish central bank governor whose recent report on banking reform reignited the debate around senior bail-in, this week clashed with UK members of parliament and DCM bankers when he suggested that existing senior debt should be protected from losses (or "grandfathered") when bail-in comes into force in 2018.

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