TY  - RPRT
A1  - Krahnen, Jan Pieter
T1  - Comment on the European Parliament Draft Report on the proposal for a recovery and resolution directive : (Rapporteur: Gunnar Hökmark)
– Doc 2012/0150 (COD) of 11 October 2012 –
T2  - Policy Platform - Policy Letter
N2  - This present comment suggests an amendment to the proposal for a directive of the European Parliament and of the Council, establishing a framework for the recovery and resolution of credit institutions and investment firms. The current proposal focuses on bail-in, but does not sufficiently take into account the pressure exerted on central bankers, supervisors and politicians by the fear of interbank contagion. The only way out of this hold-up type of situation can be found in bail-in bonds. Bail-in bonds are dedicated loss taking debt instruments, whose status of being first in line if it comes to default is clearly communicated from day one.
KW  - bail-in bonds
KW  - bank resolution
KW  - Liikanen Report
Y1  - 2012
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/29963
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-299634
SP  - 1
EP  - 2
PB  - House of Finance
CY  - Frankfurt am Main
ER  -