New EBA Guidelines of the write-down and conversion and bail-in exchange mechanic

The European Banking Authority published on 13th of February its final Guidelines to resolution authorities on the publication of the write-down and conversion and bail-in exchange mechanic. These Guidelines aim at ensuring that a minimum level of harmonized information on how authorities would effectively execute the write down and conversion of capital instruments and the use of the bail-in tool, namely exchange mechanic, is made public.
In this alert, you will read more about what are resolution authorities expected to do and conclusions.