Single Resolution Board chair adamant Brussels will not take investors in bank debt ‘by surprise’
A senior EU policymaker has pledged not to wrongfoot investors by upending bank creditor hierarchies, after a market uproar at Switzerland’s decision to favour shareholders over bondholders in the rescue takeover of Credit Suisse. Dominique Laboureix, chair of the Single Resolution Board, the body in charge of shutting down failed banks, said fears that additional tier 1 (AT1) bank debt is “not investable anymore” should not apply in the EU. [Keep reading on the FT website...]
Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.
Contact our communications team
Recent news
In last June, Parliament and Council have clinched a political deal that is applicable to all the EU member states, and which can be seen as a step...
A success story Deposit Guarantee Schemes (DGSs) have a proven track record of protecting depositors and enhancing financial stability, and are a...
The vice-president of the SRB calls for advancing the common deposit guarantee fund and simplifying banking regulation without losing sight of...
Related news and press releases
The president of the SRB acknowledges that the fund that led to resolution by the Spanish bank in 2017 has progressed a lot since then and that...
[Automated translation]
The European mechanism that prepares the financial system in the event of a bank collapse is about to enter a new phase. The...
Dominique Laboureix, chair of the European Union’s Single Resolution Board, said he wanted to send a clear message to investors that the regulator...