Brussels, 18/09/2015 (Agence Europe) - The European Commission feels that the draft German law transposing the BRRD Directive (2004/59) on bank resolution and restructuring schemes complies with EU rules.
The directive came into force in January 2015 and introduces a hierarchy of investors for contributions to a bail-in of a failed European bank. From 2016 onwards, shareholders and bank lenders will be the first to have to contribute, followed by private savers holding more than €100,000...