ECB's Nouy Says Legal Change Is Needed to Provide CoCo Clarity

  • Investors are adapting to `bail-in world,' need transparency
  • Commission's proposal to split Pillar 2 requirements `useful'

Investors in banks’ riskiest debt are adapting to a world in which they may make losses when banks stumble and they need a legal framework that doesn’t leave them guessing about the rules, the head of euro-area banking supervision said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.