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Clifford Chance

Briefings

Update on implementation of Single Resolution Mechanism in Germany

8 May 2015

The German Federal Government published a revised draft law implementing the Single Resolution Mechanism. As reported (see our Newsletter of March 2015), the draft included a proposal on the subordination of senior unsecured bonds in bank insolvency. The revised draft provides for several significant changes.

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Update on implementation of Single Resolution Mechanism in Germany

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