The European Commission is set to propose legislation that would give national authorities stepped-up powers to intervene when a bank is on the verge of collapse, including by forcing out management and imposing losses on unsecured bondholders.
WSJ.com: World News, Wall Street Journal: World
Sun, 06/03/2012 - 5:57pm
The European Commission is set to propose legislation that would give national authorities stepped-up powers to intervene when a bank is on the verge of collapse, including by forcing out management and imposing losses on unsecured bondholders.