Cyprus bail-out calls debt hierarchy into question

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cyprus bail-out calls debt hierarchy into question

As depositors of Cypriot banks wait for a Tuesday vote on the country’s bailout deal to seal their fate, FIG market participants have complained that governments are making a mockery of established creditor hierarchies. Some also said the move to impose haircuts even on insured depositors undermined Europe’s plans for a single deposit guarantee scheme.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article