This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

​EBA proposes voluntary ‘bail in’ bond standards to aid sales

( July 11, 2016, 13:31 GMT | Official Statement) -- MLex Summary: EU banks could sell “bail in” bonds with standard terms, such as the conditions under which coupons can be halted or principle converted into equity, to absorb losses without a need for bailouts, under a proposal by the European Banking Authority. The proposed template would be optional for lenders, and using other terms wouldn’t disqualify instruments from counting as “Additional Tier 1” capital under prudential rules, the EBA said. The initiative accompanies a report on 33 sales of such bonds, raising 35.5 billion euros from August 2013 through the end of last year.The following is the text of the statement. Click the attachments at bottom for the proposed template and the report on issuance....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login