Bailing out of the European Union’s ‘Bail-In’ Rules with the Implementation of Secondary NPL Market
Introduction It is not the first time the European Union’s (EU) ‘Bail-In’ rules have been modified to accommodate an unforeseen reality. In 2016, the regulation on the ‘Maximum Distribution Amount’, addressing the coupon payment of Additional Tier 1 instruments, was tweaked as it was being implemented. The authorities realized two large European banking institutions could […]