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Print articleEuropean Union “Bail-In” Rules Became Effective January 1, 2016
January, 2016 - Ellen McGinnis, Gilbert D. Porter, Steven H. Epstein
As part of its effort to eliminate the risk of taxpayer-funded bail-outs of European banks, the European Union undertook a new “bail-in” regime beginning on January 1, 2016, implementing rules which require banks and some other market participants in EU member states to write-down, cancel, convert into equity or otherwise modify certain unsecured liabilities if such steps are required to recapitalize the institution.
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