[<<What adds to the disquiet is the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 that was referred to a joint parliamentary committee this August after cabinet approval. This covers bankruptcy of businesses such as banks and insurance. Financial resolution includes solutions for banks facing ‘material’ or ‘imminent’ risk to viability depending on their capital and asset worth.
This Bill also introduces the provision for a “bail-in”, whose purpose is to provide capital to absorb the losses of a bank and ensure its survival. Here, survival does not mean safety of depositors’ money, but restoration of capital of the bank. The bail-in empowers the proposed Resolution Corporation to cancel a liability owed by the bank [i.e. the depositors' money] or change the form of an existing liability to another security.>> (Source: < http://www.thehindu.com/opinion/op-ed/banking-on-legislation/article20005363.ece >.)] Watch Video: 'Ravish Kumar Prime Time , FRDI Bill 2017 आपकी बैंको की बचत को लेकर नया बिल , 7 December 2017' at < https://www.youtube.com/watch?v=ygOgBnB9cjM&feature=share>. -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
