The bail-in rules remain as they are, the European directive which came into force on 1 January 2016 will not undergo any changes. This is the indication that the European Commission gave in response to the Governor of Bank of Italy Ignazio Visco who had put the question on the table, asking to take advantage of the opportunity of verifying the 'Brrd' in 2018 in the light of the Italian experience.
According to Visco, Italy should ask for the "revision, to be started by June 2018" of the EU directive which provides for the Bail in, i.e. the losses borne by savers in the event of a banking crisis, taking advantage of the revision clause contained in the text. Via Nazionale and the Treasury, the Governor recalled, had asked in vain when defining the law not to apply it retroactively and for a "gradual and less traumatic transition".
The EU leaders did not hide their amazement regarding the position taken by the number one of the Bank of Italy, recalling that the European rules on bank resolution were approved in 2014 also with the photo of the Italian political parties which, at the time, did not they had no objection to the plan proposed by the EU.
