The direction of efforts to improve banks' liquidity position is to encourage them to hold more deposits; the aim of bail-in legislation planned to come into force by 2018 is to make senior debt absorb losses in the event of a bank failure.
Those new EU rules require bondholders – and, crucially, savers – to take 8% of the liabilities before any government funds can be used to prop up banks in a bail-in, the aim of which is to prevent a bailout by taxpayers.
It would also place the Empire State at the forefront of bail reform nationwide, as Gianaris's plan is the latest in a string of NYC measures aimed specifically at taming the bail beast.
"The denial of bail does not presume guilt; nor does the grant of bail imply innocence.
There was little discussion of bail.
"If it was right in principle to grant bail it must follow that conditions of bail must not amount to a denial of bail".
Nair: quick summary of #OscarPistorius argument in favour of bail.
As for the premium, it could be compared to a bail bond, which costs 10% of bail.
"Never underestimate the power of bail bondsmen".
Some states have outlawed the practice of bail bondsmen.
As part of efforts to help resolve the debt crisis in the euro zone, E.U. leaders agreed last year to establish a banking union with the aim of preventing overly indebted states from having to bail out failing banks.
