BoE’s Tucker says bail-ins part of too-big-to-fail solution

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