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Slovenia: Parliament Approves Amendmends to Banking Act
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Published: October 30, 2013; 14:06 ♦ (Vindobona)
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Measures were taken to reduce costs for winding up of two small Slovenian banks.
Slovenia: Parliament Approves Amendmends to Banking Act / Picture: © Vindobona.org
In a partisan vote the Slovenian parliament has approved the amendmends to the banking act, according to State Secretary of Finances Mateja Vranicar, as reported by Slovenia Times. By this extraordinary measure, holders of hybrid debt capital instruments and shareholders will become obliged to contribute to the restructuring of the banking sector in case a financial institute does not…
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