Germany wants creditors to assume losses of failing banks / Growing Risks: Government Bond Holdings Could Burden Banks

EurActiv reported on the 8 November 2013 that Germany was demanding that the eurozone forced losses on big depositors and bondholders of failing banks from 2015 in return for giving its blessing for a reform to police Eurozone banks.

Bundesbank is also pushing for new rules at the ECB concerning banks' increasing exposure to government bonds which might not be able to service their debt.

ESO: Background information: ECB starts comprehensive assessment in advance of supervisory role http://www.europeansources.info/record/ecb-starts-comprehensive-assessment-in-advance-of-supervisory-role/

ESO: Background information: Council approves single supervisory mechanism for banking http://www.europeansources.info/record/press-release-council-approves-single-supervisory-mechanism-for-banking/

Spiegel Online International, 25.11.13: Growing Risks: Government Bond Holdings Could Burden Banks http://www.spiegel.de/international/business/ecb-holds-back-controversal-bond-recommendations-a-935540.html

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