European talks on bail-in senior bank debt stall as member states squabble
There’s little chance of a harmonised approach to the burgeoning asset class of ‘senior non-preferred’ by the end of the year — and more likely that member states to tweak the rules — as talks in the European Parliament and between member states stalled.
While much of the FIG investor base would dearly love to see regulatory consistency across Europe as soon as possible, this dream will not be easy to achieve, despite backing from the European Commission.The Commission proposed the creation of the new “senior non-preferred” debt class in ...
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