Resolution of Large and Complex Financial Institutions: The Big Issues - speech by Paul Tucker

Speaking at a European Commission conference on crisis management in Brussels today, Paul Tucker - Deputy Governor for Financial Stability and chair of the Financial Stability Board's Working Group on Cross Border Crisis Management - discusses issues around resolving large, complex financial institutions in an orderly way without injecting public money.
Published on 19 March 2010

He says: "Bluntly, the challenge is how to sustain the provision of financial services during a crisis without the state bailing out uninsured creditors". He supports the increased adoption by national authorities of special resolution regimes (SRR). But he stresses that each country having its own SRR does not address the resolution of cross-border banking groups or investment banks with complex trading books.

PDFPress release

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