“Closing the gap between national insolvency rules and European resolution rules is a major issue that should be addressed as a matter of urgency,” a member of the Deutsche Bundesbank’s executive board has said on August 21.

“Certain basic principles need to be adhered to in a consistent manner” when regulators put commercial banks into resolution, Andreas Dombret told an audience at the Bundesbank’s university of applied sciences. These principles include “bailing in investors and creditors as