The “Bail-In Tracker” was a joint project of the Research Center SAFE and the German business daily Börsen-Zeitung in 2016. It aimed to provide information about the applicability of the new European bail-in regulation laid out in the Bank Recovery and Resolution Directive (BRRD). Part of the project was the collection of publicly available information on the amount of outstanding subordinated debt of 36 large European banks headquartered in 15 European countries. This data was made publicly available in a regularly updated graph (see below). The “Bail-In Tracker” should build a bridge between academic research and journalism and enhance the general understanding of the bail-in topic. The project was funded by the VolkswagenStiftung in the context of the project “Science and Data Journalism”.
Outstanding Subordinated Debt by European Banks
The Bail-In Tracker displays selected European banks' bail-inable debt, calculated for each week over the period 22 July 2011 to 31 December 2017 as a percentage of that bank's total liabilities, available in the balance sheet filings of the previous quarter. The Bank Recovery and Resolution Directive (BRRD) grants distressed banks an access to national or supranational resolution funds and/or state aid only after 8 % of their liabilities have been bailed in in accordance with a predetermined order (waterfall principle).
|28.10.16||,,Der ultimative Test findet erst beim realen Bail-in statt‘‘|
|28.10.16||Verrat am Verantwortungsprinzip|
|26.07.16||Homepage "Bail-In Tracker" online|
|18.06.16||Vermarktung von Bail-in-Papieren überwachen|
|24.08.17||Why MREL Won't Help Much|
SAFE Working Paper 180
|28.10.16||The Bail-In Tracker: Does the new EU Regulation on Bank Recovery and Resolution Work?|
|12.05.16||The Implementation of the Bail-In Tool Requires Crucial Amendments|
|21.03.16||Should the marketing of subordinated debt be restricted/different in one way or the other? What to do in the case of mis-selling?|
SAFE White Paper No. 35