It’s Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins
by Tyler Durden
ZeroHedge.com
03/22/2016
“To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank’s risks—not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating.”
The Rest…HERE