Implementation of bail-in rules should be tweaked

January 27, 2016 4:52 PM

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MILAN Jan 27 Italian and European authorities should revise when and how to apply the so-called 'bail-in' rules for ailing lenders, Bank of Italy Deputy Governor Fabio Panetta said on Wednesday.

"A banking system where savers are called in to (shoulder costs) in case of a bank crisis can undermine their confidence," Panetta said.

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