s under the EU's Resolution & Recovery Directive (RRD) will be brought forward to 2015 from the current 2018 time-frame. • As such, our colleagues in European Credit have examined the implications of changing recovery rate expectations across the bank capital structure. Assuming that covered bonds remain outside t

olution & Recovery Directive (RRD) will be brought forward to 2015 from the current 2018 time-frame. More details in ... • As such, our colleagues in European Credit have examined the implications of US Credit Markets Outlook and Strategy, Eric Beinstein changing recovery rate expectations across the bank capital

s under the EU's Resolution & Recovery Directive (RRD) will be brought forward to 2015 from the current 2018 time-frame. • As such, our colleagues in European Credit have examined the implications of changing recovery rate expectations across the bank capital structure. Assuming that covered bonds remain outside t