It’s Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins

Wednesday, March 23, 2016
By Paul Martin

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

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