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>> EUROPEAN CENTRAL BANK Latest News

OCT 19, 2013 - Yahoo! News

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ECB's Draghi has asked to delay bank bail-in plans: paper

MILAN (Reuters) - Mario Draghi, European Central Bank head, wrote to the European Commission last month asking that bondholders be spared any losses in the event of a bank rescue until a Europe-wide banking union is fully operational, la Repubblica newspaper reported on Saturday. The Italian daily cited sources with direct knowledge of the letter sent by ECB President Draghi. The ECB and the Commission were not immediately available to comment. "The ECB president is not against imposing losses on bank creditors once the European banking union operates at full speed. ...

Tags: ECB's Draghi has asked to delay bank bail-in plans: paper,  European Central Bank Latest News