Bail-ins of bank debt could work as a method of resolving banks that are deemed ‘too-big-to-fail', Paul Tucker, a deputy governor of the Bank of England (BoE), said in an interview with Risk magazine. Tucker said several countries are considering the use of bail-ins. "A number of us around the world think we can get bail-in to work," he said.
In particular, Tucker said the BoE was working with policy-makers in the US. "We think this can be operationalised and we have been working very closely wi
- Bank of Mexico admits $15.2 million went missing in cyber heist
- Is this the beginning of a new era of credit risk management technology?
- Argentina rescue advances as emerging markets suffer outflows
- BoE research says digital currency would ‘strengthen’ policy transmission
- Artificial intelligence: The future of regulation?