EU banks would need extra €460bn to meet GLAC requirements

bancos recurso camara acorazada TC

“The key weapon in regulators’ new toolkit is known as “bail-in”. This grants resolution authorities the power to stabilise a failing bank by imposing losses on its creditors. The power can then be used to convert creditors’ interests into new capital to ensure the restructured entity can continue to provide critical economic functions. It means that banks and their creditors, not the taxpayer, will be responsible for the costs of failure in the future,” BBA’s Adam Cull points out.

 *Image: Foter.



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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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