Which of the following statements are TRUE in relation to a Bail-in of a failing bank?

I. Existing shareholders might be totally wiped out as the bank writes its assets down.

II. Bank customers such as depositors are unaffected.

III. Unsecured bank liabilities may be written down or converted into equity to maintain the bank as going concern.

which option is correct?

a) Both I and III.

b) None of the statements.

c) All of the statements.

d) Both II and III.

e) Both I and II.