Calls grow for acceleration of senior bail-in to 2015

Support is growing for calls to bring forward the implementation of senior bail-in in all EU member states to 2015. While the idea, presented in a document seen by EuroWeek, had only minority support when it was first floated, the Cypriot bail-out has highlighted the need for a harmonised legal framework to force losses on senior bondholders when banks fail, writes Will Caiger-Smith.