Russia seeks to save banks via individual deposits’ haircut

18:30, 29 January 2016
453 0

The Russian Finance Ministry is considering the possibility of applying a bail-in mechanism to the deposits to individuals, which is a forced conversion of the claims of creditors of the third line into subordinated liabilities or share capital of troubled banks, Meduza.io reported citing Deputy Finance Minister Aleksey Morozov.

Please Subscribe For Full Access

If you see a spelling error on our site, select it and press Ctrl+Enter