ECB's Asmussen urges Europe to accelerate 'bail-in' plans

``Asmussen said that under existing arrangements, the bail-in tool could enter into force as late as January 1, 2019. "This is too late," he said in a speech to the Atlantic Council at Reuters' London office. "It means that we have a time gap where the harmonised resolution framework has entered into force ... but one of the key resolution tools is not available to the resolution authorities."