2013-07-15reuters.com

``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."



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