They each seem to be getting a slot to speak so I’ll cherry pick. The main theme is banking union zzzzzzzz
Schaeuble
- Resolution urgently needed for bank union
- Prefers no preference for for uninsured depositors
- Could compromise on on preferential depositor treatment
Frieden
- Shouldn’t underestimate negative effect of bail-in rules
- Need certain flexibility on SME & private bail-ins
Stournaras
- Stress importance of banking union
- Lessons from Cyprus must be learnt
Saccomanni
- Bail in model should be harmonised as possible
- Some degree of flexibility on bail ins needed
Osborne
- Should avoid unfair distortions in single market
- There should be insured depositor preference
- Supports bail-in buffer for systemic banks
- Binding EBA rules on bank resolution problematic
Kalousek
- Supports harmonised bail in approach
- Supports depositor preference
- Wants minimum list of exhaustive exemptions
- Doesn’t support harmonisation of insolvency law
- National authorities need to be in charge of funds
Hristov
- Non-euro nations could have currency issues on bail ins
- Supports preference for uninsured depositors
