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EU banks get new bail-in template from the Single Resolution Board

( November 7, 2024, 08:22 GMT | Official Statement) -- MLex Summary: The Single Resolution Board released its minimum bail-in data template package, which provides details for the execution of the bail-in tool in the event of a bank failure or testing exercises during the resolution planning phase. The template provides a standard data point model and includes country-specific data points for national resolution authorities when implementing bail-in at the national level. Banks have 12 to 18 months to adapt to the new requirements.Press release follows. Documents available here. ...

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