Funding in the dark: EU banks wait on bail-in bond rules

Issuance strategies clouded by uncertainty over MREL subordination and pre-positioning

When the Council of the European Union failed to agree on key reforms to bank resolution rules at a meeting of finance ministers on March 13, European commissioner for financial services Valdis Dombrovskis insisted the differences were largely technical.

“There is no member state opposing this bank reform package; the question is on exact calibrations of individual measures,” he told reporters.

For bank treasurers, however, the technical is fundamental. The council’s dispute revolves around

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options