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In this three-part video and podcast series, partner Malcolm Montgomery looks at the impact of the EU Bail-In. He discusses the general provisions, what banks should keep in mind in regard to their liabilities...
within Consumer Protection, Insolvency/Bankruptcy/Re-Structuring and Insurance topic(s)
In this three-part video and podcast series, partner
Malcolm Montgomery looks at the impact of the EU Bail-In. He
discusses the general provisions, what banks should keep in mind in
regard to their liabilities and treatment of existing contracts,
and how US law governed-agreements with EU banks are affected.
Video: How Bail-In Provisions Address the Too Big To Fail
Problem
The 2008 global financial crisis eventually led to the 2013
creation of bail-in provisions — legislation intended to
shift the burden of possible future bail outs of financial
institutions away from taxpayers.
Podcast: Banks and Their Liabilities and Treatment of
Existing Agreements
Financial institutions are in a quandary as to how to comply
with the breadth of the Bail-In legislation. In the UK, there is a
developing area of law to allow banks to defend decisions to
regulators on the "impracticability" of compliance in
certain instances.
Podcast: The Effect on US Law-Governed Agreements with EU
Banks
The EU Bank Recovery and Resolution Directive contains
mechanisms to help resolve the inherent challenges of
jurisdiction.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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