S&P unconvinced by resolution regimes

Resolution regimes will fail to prevent sovereigns bailing out banks, Standard & Poor's (S&P), a rating agency, said on Wednesday.

In a report examining the implications of resolution regimes on sovereigns and on banks, the agency said the adoption of resolution regimes, a key strand of regulators' attempts to protect the public purse from the cost of future bank failures, would do little to preclude the provision of taxpayer support to banks.

"Despite their objectives and the potential long-ter

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