France Can Lead Way on Bank-Failure Loss Rules, Koenig Says

Updated on
  • European Commission pushing to unify rules on creditor losses
  • French working on new category of senior non-preferred debt

European Union policy makers in Brussels would do well to look to Paris as they push to unify rules for imposing losses on the bondholders of failing banks, according to Elke Koenig, head of the euro area’s central resolution authority.

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