A single rulebook for the resolution of failing banks will apply in the EU as of 1 January 2015

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A single rulebook for the resolution of failing banks will apply in the EU as of 1 January 2015

EU News 510/2014

Brussels, 31 December 2014
IP/14/2862

A single rulebook for the resolution of banks and large investment firms in all EU Member States is set to enter into force as of 1 January 2015. The new rules will harmonise and improve the tools for dealing with bank crises across the EU. They will also ensure shareholders and creditors of the banks pay their share of the costs through a "bail-in" mechanism.

Source and additional information:
http://europa.eu/rapid/press-release_IP-14-2862_en.htm?locale=en