EU Said to Toughen Creditor-Loss Rules for Bailed-Out Banks
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The European Union will tighten its rules on bailouts for banks, setting out tougher requirements for creditors to face losses if public money is used, according to two people familiar with the matter.
The European Commission plans to issue revised state-aid guidance for bank rescues before August, according to the people, who couldn’t be named because talks on the bailout rules are private. National officials may discuss the plans as soon as this week, they said.