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monetary crisis

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Ranking of unsecured debt instruments in insolvency hierarchy [EU Legislation in Progress]

Written by Angelos Delivorias (1st edition), Following the global financial crisis, the European Union extensively reformed its regulatory framework for financial services. With legislation such as the Bank Recovery and Resolution Directive (BRRD), it ensures that, through mechanisms such as ‘bail-in’, the recovery or restructuring of distressed financial institutions is done without spreading to other … Continue reading

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