End of the road for “too big to fail” banks?
US FDIC and Bank of England alliance unveil measures to seize and unwind global systematically important banks should they fail.
US Federal Deposit Insurance Corporation (FDIC) and the Bank of England (BoE) have released a joint proposal detailing plans for the resolution of global systematically important banks (G-SIFIs). Released on December 10, 2012, the document outlines US and the UK’s plans for dealing with potential future financial failures in a bid to reduce risk to financial stability.
Produced as a result of cooperation between the US Federal Reserve Board and Financial Services Authority UK, the document focuses…
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Categories: Capital & Strategic Issues
, Risk and Regulation
, Bank of England
, Lehman Brothers
, British Bankers’ Association
, Paul Tucker