EU Council aims to limit bail-in debt rules
Leaked BRRD text reveals all Greek and Portuguese banks could escape subordinated debt regime
The Council of the European Union is closing in on a compromise that would require fewer banks to issue expensive bail-in debt, Risk.net has learned – a stance that may be welcomed by lenders that escape the regime, but which raises the risk of public bail-outs continuing for those entities.
Greece and Portugal are among the countries where no bank would be caught by the council’s proposed new threshold, set at €100 billion in assets, rather than €75 billion. Deprived of bonds that could be
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