November 14, 2017 / 9:38 AM / a year ago

Banks should have all liabilities frozen in resolution: SRB

FRANKFURT, Nov 14 (Reuters) - European bank regulators should be able to suspend all of a bank’s liabilities, such as deposits, debt and shares, when the firm goes into resolution, the official in charge of winding down troubled lenders said on Tuesday.

“There is a strong advantage for a moratorium tool that covers all liabilities,” Elke Koenig, who chairs the European Union’s Single Resolution Board, told a banking conference.

Reporting by Francesco Canepa; Editing by Catherine Evans

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