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Portugal's bail-in BOMBSHELL.

Authors :
Bowman, Louise
Source :
Euromoney; Feb2016, Vol. 47 Issue 562, p88-94, 7p, 4 Color Photographs, 1 Graph
Publication Year :
2016

Abstract

The article focuses on the decision of Bank of Portugal to bail-in senior bondholders of bank Novo Banco which may breach the bail-in powers introduced by the European Central Bank (ECB). Topics discussed include the application of Bank Recovery and Resolution Directive (BRRD) bail-in regulation, retransfer of assets and liabilities between Novo Banco and Banco Espiríto Santo, and bank funding market.

Subjects

Subjects :
BONDHOLDERS
BANKING policy

Details

Language :
English
ISSN :
00142433
Volume :
47
Issue :
562
Database :
Complementary Index
Journal :
Euromoney
Publication Type :
Periodical
Accession number :
112776368