BaFin Issues Consultation 10/2019 on External Bail-In Implementation

BaFin issued the consultation 10/2019 on external bail-in implementation in Germany. The consultation document describes the parties involved, their responsibilities, communication channels, and interfaces as well as timing and information requirements in the context of external bail-in implementation. It is based on a baseline scenario, which will be successively extended by further complexity levels in the future. It is addressed to all institutions in the Federal Republic of Germany for which the settlement strategy envisages the application of bail-in. Responses on the consultation are requested by June 11, 2019.