Moody’s cuts outlook for Canadian bank debt to negative over ‘bail-in’ regime

What bankers and regulators don't tell you with bail-ins is that while taxpayers won't foot the bill for the next banking crisis, depositors will be on the hook.  In other words, depositors will be converted to credit holders and unsecured depositors, and will thus take a haircut in the next bail-out of banks.

http://business.financialpost.com/2014/06/11/moodys-downgrades-outlook-for-some-of-canadian-bank-debt-over-bail-in-regime/