Stevens cautious on bail-in efficacy
Governor says bail-in is subject to a ‘host’ of complexities
Reserve Bank of Australia governor Glenn Stevens today (April 28) warned that bail-ins as a tool for bank resolution are subject to complexities that could cause problems if they are used in practice.
Stevens spoke at a summit regarding the outcome of a financial system inquiry that presented its final report late last year. "It is fair to say that in its main submission to the inquiry, the Reserve Bank counselled caution as far as ‘bail-in' and so on is concerned," he said.
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