UK FSA and Treasury say covered bondholders should escape bail-ins


The UK Financial Services Authority (FSA) and the UK Treasury on Wednesday said covered bondholders should not be hit by bail-ins.

In a joint review of the UK's covered bond regulation, officials covered the scope of proposed 'bail-in' powers, which would allow the authorities to impose losses on the creditors of a failing financial institution. The review stated that the position in the UK should be that when using any bail-in powers, secured creditors' rights to collateral should not be overri

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: