Draghi calls for EU law to govern bail-in powers

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European Union regulation should include measures to ensure bank creditors share the burden of a collapsed financial institution, Mario Draghi, the governor of the Bank of Italy and chairman of the Financial Stability Board (FSB), has said.

On Monday, Reuters reported Draghi calling for bail-in powers to be governed by European Union legislation. "Any such toolkit should include bail-in powers to ensure that the costs of such failures are met by shareholders and creditors rather than taxpayers

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