ECB's Nouy Says Legal Change Is Needed to Provide CoCo ClarityBy and
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.
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