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EBA urges change in law to tighten bank payouts

Monday, December 21, 2015 - 05:50
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Europe's banking law should be amended to prevent banks from depleting capital to pay shareholders, employees and junior creditors, the European Banking Authority (EBA) told lawmakers.

Vienna

EUROPE'S banking law should be amended to prevent banks from depleting capital to pay shareholders, employees and junior creditors, the European Banking Authority (EBA) told lawmakers.

Restrictions on dividends, bonuses and hybrid bond coupons kick in as soon as banks start

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