The Crisis Management Menu - speech by Paul Tucker

In a speech opening a conference on 'Crisis Management at a Cross Roads' in Brussels today, Paul Tucker - Deputy Governor for Financial Stability and a member of the Monetary Policy Committee - reviews the various components of a crisis management package for financial institutions.
Published on 16 November 2009

That includes central bank liquidity insurance for viable firms and markets; firm recovery plans and contingent capital; resolution plans for winding down failed institutions; and official-sector support operations, including Capital of Last Resort. A thread that runs through the discussion is how to preserve the core financial services provided to the economy through periods of extreme stress without bailing out equity holders or uninsured wholesale creditors.

PDFPress release


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