European lobby group issues model clauses for cross-border recognition of "bail-in"
A European lobbying group for financial markets has issued a set of model clauses to help banks apply the BRRD to cross-border liabilities; meanwhile, Singapore’s central bank opened two new consultations and the UK has updated a 1930 statute regarding rights against insurers in insolvencies.
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GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.