Single Resolution Board chair adamant Brussels will not take investors in bank debt ‘by surprise’
A senior EU policymaker has pledged not to wrongfoot investors by upending bank creditor hierarchies, after a market uproar at Switzerland’s decision to favour shareholders over bondholders in the rescue takeover of Credit Suisse. Dominique Laboureix, chair of the Single Resolution Board, the body in charge of shutting down failed banks, said fears that additional tier 1 (AT1) bank debt is “not investable anymore” should not apply in the EU. [Keep reading on the FT website...]
Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.
Contact our communications team
Recent interviews
The SRB aims to achieve greater financial stability for every euro invested in resolution planning – a benefit that will be shared by both banks and...
Resolution is part of a safety net that guarantees better financial stability without incurring costs for taxpayers yesterday.
The banking system is...
The Single Resolution Board is the central authority responsible for resolving banking crises in the eurozone. During a visit to Luxembourg, its...
Related news and press releases
BRUSSELS — The EU shouldn’t ignore financial-market jitters over the health of the banking sector, the head of the European authority for managing...
EU plans to bring more mid-sized banks into the resolution framework and tinker with the conditions for a rainy-day fund for bank failures won’t be a...
Dans un entretien exclusif à L’Agefi, Dominique Laboureix, président du Conseil de résolution unique (SRB) européen depuis fin novembre, juge que la...