Date: 5th October 2016
Author:
Type: In the news
EuroFinUse published a press release demanding more clarity and transparency on the conditions to be applied to Cyprus banks’ bondholders: the declarations of Mr. Dijsselbloem on the involvement of bondholders should be more precise. Indeed, and contrary to the EC regulatory proposal on banks’ recovery and resolution, bondholders –unlike depositors– were not included in the first troika bail-in proposal. EuroFinUse asks EU institutions to clearly show that depositors will not -once again- be discriminated vis-a-vis bondholders.
Please find full press release here