What does a Swiss court ruling on Credit Suisse's bond wipe out mean for Yes Bank? скачать в хорошем качестве

What does a Swiss court ruling on Credit Suisse's bond wipe out mean for Yes Bank?

"Switzerland’s Federal Administrative Court issued a sharp rebuke to the country’s financial authorities over their handling of Credit Suisse’s collapse. The court declared that the decision of FINMA, to write-off the Additional Tier 1 (AT1) bonds of Credit Suisse without writing down the equity shareholders, was illegal. For Indian policymakers and investors, the Swiss judgment inevitably evokes uncomfortable parallels with Yes Bank’s rescue in 2020. India must create a modern resolution regime for financial institutions, one that provides clarity on creditor hierarchies, transparency in decision-making and legal certainty." Watch Bhargavi Zaveri-Shah explain the implications of this ruling for all of us in India. --------------------------------------------------------------------------------------------- Exclusive content, special privileges & more – Subscribe to ThePrint for Special benefits: https://theprint.in/subscribe/ --------------------------------------------------------------------------------------------- Connect with ThePrint » Subscribe to ThePrint: https://theprint.in/subscribe/ » Subscribe to our YouTube Channel: https://bit.ly/3nCMpht » Like us on Facebook:   / theprintindia   » Tweet us on Twitter:   / theprintindia   » Follow us on Instagram:   / theprintindia   » Find us on LinkedIn :   / theprint   » Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia » Find us on Spotify: https://spoti.fi/2NMVlnB » Find us on Apple Podcasts: https://apple.co/3pEOta8