2013-12-13euobserver.com

MEPs and ministers have agreed new rules to rescue insolvent banks that would target bondholders not savers, following the final round of talks in Strasbourg... Shareholders and bondholders would be first in line, with savers last in the queue, while tapping public money to prevent a bank collapse would only be done as a last resort. The new rules on bail-in will take effect from January 2016.

Under the agreement, the bail-in rules would apply at least until 8 percent of a bank's total assets have been wiped out.


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