Ukraine’s PrivatBank: Bailin’ on the Bail-In?
Bonds & Loans
Published: 12 July 2019 09:41
A recent court ruling to reverse the National Bank of Ukraine’s decision to nationalise ailing lender PrivatBank sent the country’s banking system into disarray and even raised doubts over the country’s EU ascension prospects. The case, which some see as one of the first test-drives for the post-crisis era EU Bank Recovery and Resolution Directives, is significant not just for the country’s economy and its new president, Volodymyr Zelensky, but also for the European banking industry more broadly.