by Mark O’Byrne
GoldCore
The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case with coverage of the bail-in regime, the important article was little noticed.
Despite this lack of coverage, we believe bail-ins remain one of the greatest financial risks to investors, savers and indeed companies today. Yet they remain the most poorly covered financial risk and remain largely ignored by financial advisers, brokers and not surprisingly banks.