EU bail-in to start two years early after Parliament and Council reach agreement
The European Parliament's negotiators last night reached agreement with their counterparts in the European Council to bring in a new directive on bank bail-ins in January 2015, which will mean the new bail-in rules will enter force in January 2016 – two years earlier than had been envisaged.
Under the new rules, bank shareholders and bondholders will take the first hit when a bank is failing, with depositors of more than €100,000 participating last. Smaller depositors will be safeguarded by
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