Brussels, 13/07/2016 (Agence Europe) - On Wednesday 13 July, the head of the Single Resolution Board (SRB), Elke König, defended application of banking rules allowing bail-in for bank collapses, referring to the hypothesis of public intervention from the Italian authorities to stabilise some of the country's banks, suffering from their holdings of toxic debt.
“The BRRD [Bank Recovery and Resolution Directive] provides for bail-in burden sharing before you can use the SRF [Single...