In 4/6  BIS central bankers' speeches  order to ensure that national taxpayers are adequately protected, it is therefore essential that national insolvency rules be aligned with the European resolution rules as a matter of urgency. 4.
The current banking union environment – the most important details Ladies and gentlemen, the cited examples show that many things are working well in the banking union, but there is still a lot to be done. In particular, right-sizing the bail-in of investors and other creditors under national insolvency proceedings is a process which has by no means been stretched to its limits.