Micossi, Stefano; Bruzzone, Ginevra; Cassella, Miriam - Centre for European Policy Studies (CEPS) - 2014
This CEPS Policy Brief examines the provisions for bail-in in the European Union – that is, the principle whereby any public measure to recapitalise a bank with insufficient prudential capital must be preceded by a write-down or conversion into equity of creditors’ claims – in state aid...