Europe’s top bank resolution official seeks US assurance on bondholder losses By Investing.com

Europe's top banking official, Dominique Laboureix, is seeking assurance from U.S. regulators that they won't interfere with European authorities' plans to make bondholders take losses after a bank failure. He has established a working group and initiated talks with U.S. officials to ensure cooperation and understanding in winding down troubled banks. Laboureix also advocates for maintaining and improving additional Tier one capital bonds, rather than eliminating them, to better protect taxpayers and prevent future banking crises.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.