15/06/2022 (Agence Europe) – On Wednesday 15 June, the Single Resolution Board (SRB) published its updated operational guidance for banks on the implementation of the bail-in tool, which allows for the write-down or conversion of a bank’s debt to creditors in the event of resolution. Compared to the guidance issued in August 2020, the documents provide more detail on the expectations that are related to intra-group loss transfer and recapitalisation mechanisms between the resolution...