BoE exec calls for enough GLAC to restore capital level above minimum
BoE head of resolution emphasises need to maintain market confidence
It is "not credible" to think that global systemically important banks (G-Sibs) could be dismantled over a weekend without a destabilising disruption to critical functions, Andrew Gracie, the Bank of England's executive director for resolution said during a recent speech in Brussels that was published yesterday.
"The reality of a G-Sib is that its activities cannot be shut down immediately and it will need to be adequately recapitalised to sustain its critical functions," Gracie said, adding
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