- Question ID
-
2016_2688
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- Write-down and conversion of capital instruments
- Article
-
44
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
44
- Name of institution / submitter
-
HELLENIC BANK PUBLIC COMPANY LTD
- Country of incorporation / residence
-
CYPRUS
- Type of submitter
-
Credit institution
- Subject matter
-
bail in of interbank deposits with original maturity of less than seven days
- Question
-
Could you please clarify if a 6 day deposit that has been rolled over multiple times could be considered to be of greater maturity than 6 days in the event of a bail in? In other words if there is a clause that stipulates the number of times a 6 day deposit can be rolled over before losing its status as a 6 day deposit and therefore losing its protection from a bail in?
- Background on the question
-
If we were to place a 6 day EUR money market deposit with another bank and were to roll it over multiple times would this affect its protection in the event of a bail in?
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.
If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.
For further information please refer to the press release and the updated Q&A page.
- Status
-
Rejected question