Funding in the dark: EU banks wait on bail-in bond rules

Issuance strategies clouded by uncertainty over MREL subordination and pre-positioning

When the Council of the European Union failed to agree on key reforms to bank resolution rules at a meeting of finance ministers on March 13, European commissioner for financial services Valdis Dombrovskis insisted the differences were largely technical.

“There is no member state opposing this bank reform package; the question is on exact calibrations of individual measures,” he told reporters.

For bank treasurers, however, the technical is fundamental. The council’s dispute revolves around

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: