In addition, the focus of community development advocates on housing issues, including the redlining practices that prompted CRA’s passage, eclipsed the law’s broad scope in public perception. Only over time have community stakeholders come to appreciate the broader context of CRA. Today, financial institutions have become partners in community development, bringing with them an important source of capital and financial expertise.
If this is 1st January 2014, as is currently planned, then they will have to be incorporated in national laws by 1st January 2018 at the latest. I will comment this timeline later. The scope of bail-in clauses is generally broad, encompassing all liabilities apart from those explicitly excluded. Non-excluded liabilities will be bailed-in following the order of their ranking in national insolvency laws.