Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Bank resolution and recovery directive

Options
  • 14-05-2014 3:20am
    #1
    sin_city
    Registered Users Posts: 899 ✭✭✭


    I’ve been hearing since the end of last year that the bail in legislation that takes a percentage of depositors money to prop up failing banks rather than take money from taxpayers has been written into law across many western countries.

    Does anyone have details on this?


Comments

  • Options
    #2
    sin_city
    Registered Users Posts: 899 ✭✭✭sin_city


    Well, guess no one knows anything about bail ins....Job done for the legislaters if it's true


  • Options
    #3
    KyussBishop
    Closed Accounts Posts: 5,797 ✭✭✭KyussBishop


    It's something that will be hard to find laws on; I had a quick Google on the sites I frequent, and can't immediately find anything.

    It is almost a certainty though, that after the Cyrpus precedent, European countries will be facing bail-ins during the next crash.


  • Options
    #4
    noodler
    Registered Users Posts: 26,224 ✭✭✭✭noodler


    http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/137627.pdf

    I didn't think it was at a national legislative stage yet (perhaps it doesn't need to if the European Council agree).


Advertisement