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UK Consults on Bail-in

On 13 March 2014, HM Treasury published a consultation document on the implementation of bail-in pursuant to the Financial Services (Banking Reform) Act 2013.

The consultation is open for comment until 7 May 2013 and seeks comments on three draft statutory instruments:

The UK government is committed to fully transposing the EU Bank Recovery and Resolution Directive Directive by 1 January 2015 and does not intend to take advantage of the option of delaying the application of bail-in until 2016.

 

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