Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/14/2862 (31.12.14) |
Publication Date | 31/12/2014 |
Content Type | News |
A single rulebook for the resolution of banks and large investment firms in all EU Member States entered into force on 1 January 2015. The new rules would harmonise and improve the tools for dealing with bank crises across the EU. They would also ensure shareholders and creditors of the banks pay their share of the costs through a 'bail-in' mechanism |
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Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-2862_en.htm |
Related Links |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |