CEPR report ‘cautiously optimistic’ on bail-in
Thomas Philippon and Aude Salord find range of issues with European bail-in rules
Bail-ins have often been poorly executed in the past, but with changes to Europe’s framework they could yet be an effective method of avoiding taxpayer bailouts, according to a new report.
Thomas Philippon, a professor of finance at New York University, and Aude Salord, a lawyer specialising in banking law, say they are “cautiously optimistic” about the future of bail-in in Europe.
Their report, part of the “Geneva” series published by the Centre for Economic Policy Research (CEPR), examines
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