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WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!

 
Anonymous Coward
User ID: 71125024
United Kingdom
12/31/2015 07:42 AM
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WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
You were warned that this day would come...

Deal reached on bank “bail-in directive”


""Parliament and Council Presidency negotiators reached a political agreement Wednesday on the draft bank recovery and resolution directive, the first step towards setting up an EU system to deal with struggling banks. This directive will introduce the “bail-in” principle by January 2016, thereby ensuring that taxpayers will not be first in line to pay for bank failures.""


For taxpayers read customers!!



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Anonymous Coward (OP)
User ID: 71125024
United Kingdom
12/31/2015 07:44 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
You were warned that this day would come...

Deal reached on bank “bail-in directive”


""Parliament and Council Presidency negotiators reached a political agreement Wednesday on the draft bank recovery and resolution directive, the first step towards setting up an EU system to deal with struggling banks. This directive will introduce the “bail-in” principle by January 2016, thereby ensuring that taxpayers will not be first in line to pay for bank failures.""


For taxpayers read customers!!



bump
 Quoting: Anonymous Coward 71125024


You'll need the link I guess!

Link: [link to www.europarl.europa.eu]
Anonymous Coward
User ID: 58670080
United States
12/31/2015 07:52 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Slowly over time they'll take it all. Money, guns even your home will be seized in the future. But don't worry they'll provide you with a micro stack & pack apartment in exchange for your labor. Oh and you'll love public transportation...
Anonymous Coward
User ID: 46761908
United States
12/31/2015 07:58 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Now we are all Cyprus in 2012-13 crises.
Anonymous Coward
User ID: 71138444
Ireland
12/31/2015 07:59 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Holy shit! Does this apply to each country, or will one EU country be responsible for another? I'm worried about multinational banks - the biggest in the UK, owned by Santander, which is Spanish I think. Does this mean UK people would have their bank balances taken to bail out a Spanish default? I hope there are some clued-up posters here who can explain it.
Anonymous Coward
12/31/2015 08:03 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
bump
Anonymous Coward
User ID: 71138444
Ireland
12/31/2015 08:06 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU's "bail-in" laws into national legislation, the European Commission said on Thursday.
The referral comes after the Commission issued a warning against Poland, the Netherlands, Luxembourg, Sweden, Romania and the Czech Republic for their non-compliance earlier this year.

Should the ECJ rule against the member states, governments could be hit with a daily fine until the directive is fully implemented.

The BRRD is a crucial part of the EU's vision to create a banking union among the 19 members of the euro, and is due to come into force on January 1.

[link to www.telegraph.co.uk]

Looks like it only affects the 19 countries who've got the euro as currency. Not the UK Op.
Anonymous Coward
User ID: 45900472
United States
12/31/2015 08:06 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?
Anonymous Coward
User ID: 71138444
Ireland
12/31/2015 08:09 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?
 Quoting: Anonymous Coward 45900472


No - it says taxpayers won't pay - i.e. the governments. But customers will pay.
Anonymous Coward
User ID: 70943028
United States
12/31/2015 08:10 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
And people say bitcoin is a scam.

Your fiat is the biggest scam running for over 100 years!

The time to convert a portion of your 'money' to bitcoin is now!
Wolf 1776

User ID: 71138670
United States
12/31/2015 08:17 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
5suns
:wolf_footer_msg:
Woot Woot

User ID: 70938030
Canada
12/31/2015 08:23 AM

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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?
 Quoting: Anonymous Coward 45900472


No - it says taxpayers won't pay - i.e. the governments. But customers will pay.
 Quoting: Tess.


Anybody with a positive balance, that is.
Yukon Cornelius
User ID: 69970528
United States
12/31/2015 08:23 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
And people say bitcoin is a scam.

Your fiat is the biggest scam running for over 100 years!

The time to convert a portion of your 'money' to bitcoin is now!
 Quoting: Anonymous Coward 70943028


You were this close to being correct. I was reading and nodding and got to the bitcoin schtick.

Convert your fiat to something tangible. Like silber and gold.

Not only is bit coin every bit as ephemeral as fiat, but a record exists for every transaction. How great is that for the boys at NSA!

Bitcoin is effective for moving funds across borders that's all folks!
Woot Woot

User ID: 70938030
Canada
12/31/2015 08:24 AM

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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
And people say bitcoin is a scam.

Your fiat is the biggest scam running for over 100 years!

The time to convert a portion of your 'money' to bitcoin is now!
 Quoting: Anonymous Coward 70943028


Says the guy looking to unload his 1s and 0s. Face it, you been scammed buddy.
Anonymous Coward (OP)
User ID: 71125024
United Kingdom
12/31/2015 08:25 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU's "bail-in" laws into national legislation, the European Commission said on Thursday.
The referral comes after the Commission issued a warning against Poland, the Netherlands, Luxembourg, Sweden, Romania and the Czech Republic for their non-compliance earlier this year.

Should the ECJ rule against the member states, governments could be hit with a daily fine until the directive is fully implemented.

The BRRD is a crucial part of the EU's vision to create a banking union among the 19 members of the euro, and is due to come into force on January 1.

[link to www.telegraph.co.uk]

Looks like it only affects the 19 countries who've got the euro as currency. Not the UK Op.
 Quoting: Tess.


A bank in Ireland is still the same bank in whichever country you visit, including the UK!

Don't think for one minute UK share holders or depositors won't panic.

Watch the banking share sell off begin on Monday..

hiding
Anonymous Coward
User ID: 71138922
United States
12/31/2015 08:28 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
cash is king...along with gold, silver, brass and lead.
Yukon Cornelius
User ID: 69970528
United States
12/31/2015 08:30 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Anyone that maintains a balance greater than the absolute bare minimum for monthly bills is foolhardy.

Bank o sealy pays the same interest and is always available.
Anonymous Coward
User ID: 71126528
Greece
12/31/2015 08:31 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Yeah, I think this is EU-wide, so everyone in the EU that has any money in the banks could end up having nothing...
Anonymous Coward
User ID: 40090655
Australia
12/31/2015 08:33 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Holy shit! Does this apply to each country, or will one EU country be responsible for another? I'm worried about multinational banks - the biggest in the UK, owned by Santander, which is Spanish I think. Does this mean UK people would have their bank balances taken to bail out a Spanish default? I hope there are some clued-up posters here who can explain it.
 Quoting: Tess.


RBS is such a fuck up they'll probably start stealing next Monday,you needn't worry about Spain
Bizarre Verewolf

User ID: 2616721
United States
12/31/2015 08:34 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
sfan
~Deplorable Doom Husky~
DO NOT blame me for the actions of others


:Bvglasses:

Sharing is Caring!
Anonymous Coward (OP)
User ID: 71125024
United Kingdom
12/31/2015 08:39 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Anyone who holds bank shares need to seriously consider their positions!

Remember the largest holders of Bank Shares by far are Pension funds!!

bump
Anonymous Coward
User ID: 71133417
Italy
12/31/2015 08:42 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
many ppl here lose all money... but i my english isnt soo good for explaine sorry..
Anonymous Coward
User ID: 71132816
United States
12/31/2015 08:42 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Holy shit! Does this apply to each country, or will one EU country be responsible for another? I'm worried about multinational banks - the biggest in the UK, owned by Santander, which is Spanish I think. Does this mean UK people would have their bank balances taken to bail out a Spanish default? I hope there are some clued-up posters here who can explain it.
 Quoting: Tess.


The British Monarchy, the monarchy and nobility of Europe, as well as the Roman Catholic Church, all want a return to absolute Feudalism.
Anonymous Coward
User ID: 70690468
United States
12/31/2015 08:44 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Slowly over time they'll take it all. Money, guns even your home will be seized in the future. But don't worry they'll provide you with a micro stack & pack apartment in exchange for your labor. Oh and you'll love public transportation...
 Quoting: Anonymous Coward 58670080


clappa
Anonymous Coward
User ID: 40090655
Australia
12/31/2015 08:46 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Holy shit! Does this apply to each country, or will one EU country be responsible for another? I'm worried about multinational banks - the biggest in the UK, owned by Santander, which is Spanish I think. Does this mean UK people would have their bank balances taken to bail out a Spanish default? I hope there are some clued-up posters here who can explain it.
 Quoting: Tess.


The British Monarchy, the monarchy and nobility of Europe, as well as the Roman Catholic Church, all want a return to absolute Feudalism.
 Quoting: Anonymous Coward 71132816


Chappy by the name of Larouche reckons the Kosher Nostra could pull the pin as early as next week
Anonymous Coward
User ID: 71138444
Ireland
12/31/2015 08:48 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?
 Quoting: Anonymous Coward 45900472


No - it says taxpayers won't pay - i.e. the governments. But customers will pay.
 Quoting: Tess.


Anybody with a positive balance, that is.
 Quoting: Woot Woot


But don't forget they're also phasing out cash so people have no choice but to use banks. Time for revolution I think.
Anonymous Coward
User ID: 69665735
Netherlands
12/31/2015 08:49 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?
 Quoting: Anonymous Coward 45900472


No - it says taxpayers won't pay - i.e. the governments. But customers will pay.
 Quoting: Tess.


Anybody with a positive balance, that is.
 Quoting: Woot Woot


So true..
Anonymous Coward
User ID: 56823459
Canada
12/31/2015 08:57 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
Just a normal working day for those covetous jews then.
Danny
User ID: 48012487
United Kingdom
12/31/2015 09:11 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
But don't forget they're also phasing out cash so people have no choice but to use banks. Time for revolution I think.
 Quoting: Tess.


Cowards and sheep don't revolt but if it gets going then count me in.
Anonymous Coward
User ID: 2947248
Romania
12/31/2015 09:12 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
The pound scam reached the top, Arabians won't be pleased. pffft-spitsmoke
Limpan
User ID: 64608935
Sweden
12/31/2015 09:13 AM
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Re: WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!
bump
 Quoting: Fire Watch


Fire Watch

HAPPY NEW YEAR


hfhfhfhfhf





GLP