EBA and ESMA team up to warn on retail bonds and bail-in
The European Banking Authority and the European Securities and Markets Authority have published a joint statement calling for a closer consideration of how retail ownership of debt could affect a bank resolution.
The EBA and ESMA warned that high levels of retail-owned bank bonds could prevent EU authorities from using the resolution tools spelled out in the bank recovery and resolution directive (BRRD) effectively.“Bailing in retail holders may affect overall confidence in the financial markets,” the two authorities said ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org