Published December 14, 2012
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.
Date: Dec 14, 2012
Author: Magessan Raj
Categories: Capital & Strategic Issues, Regulation, Risk and Regulation
Keywords: FDIC, Bank of England, G-SIFIs, Lehman Brothers, British Bankers’ Association, Paul Tucker
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…