European Union “Bail-In” Rules Became Effective January 1, 2016 

January, 2016 - Ellen McGinnis, Gilbert D. Porter, Steven H. Epstein

As part of its effort to eliminate the risk of taxpayer-funded bail-outs of European banks, the European Union undertook a new “bail-in” regime beginning on January 1, 2016, implementing rules which require banks and some other market participants in EU member states to write-down, cancel, convert into equity or otherwise modify certain unsecured liabilities if such steps are required to recapitalize the institution.


To red the full alert, click here.


 

MEMBER COMMENTS

WSG Member: Please login to add your comment.

dots