The bail-in tool as implemented in the European bank resolution framework suffers from severe shortcomings. To some … and eligible liabilities (MREL) are also highly detailed and discretionary and thus alleviate the predicament of investors … in bail-in debt, at best, only insufficiently. Quite importantly, given the character of typical MREL instruments as non …

The bail-in tool as implemented in the European bank resolution framework suffers from severe shortcomings. To some … and eligible liabilities (MREL) are also highly detailed and discretionary and thus alleviate the predicament of investors … in bail-in debt, at best, only insufficiently. Quite importantly, given the character of typical MREL instruments as non …

The adoption of the “Bank ... …

The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather … than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were … countries with limited fiscal space for bail-out. Moreover, actual bail-ins lead to stronger market reactions than the legal …