EU expected to finalise bail-in rules after Cyprus fiasco

Gunnar Hokmark, the European Parliament's lead negotiator, has said that it is likely that a move to legislate for large depositors with over €100,000 bear the cost of bailouts will be successful.

There is a very clear exception for all deposits below €100,000.

What happened in Cyprus shall not happen again if this legislation is involved.

The original Cyprus plan saw haircuts on all depositors planned, even those with less than €100,000.