Monte dei Paschi rescue casts doubt on future of bail-in

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Monte dei Paschi rescue casts doubt on future of bail-in

MontePaschiSiena 230x150
A view of a "Monte Dei Paschi di Siena" bank branch in Milan, Italy, Sunday, Oct.26, 2014. The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and need an extra 10 billion euros ($12.5 billion) to cushion themselves against any future crises. ECB officials said Sunday the test had been tougher than similar reviews in 2011 and 2010, which gave a pass to banks that later needed bailouts. (AP Photo/Luca Bruno) | Luca Bruno/AP/Press Association Images

The state bail-out of Banca Monte dei Paschi di Siena, announced during the night, has brought relief to the Italian financial system — at last, there is a plan for dealing with Italy’s weakest large bank. But there are already questions about whether it undermines Europe’s policy on dealing with bank failures.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article