Resolution: a progress report - speech by Paul Tucker

Speaking at the Institute for Law and Finance Conference in Frankfurt on 3 May 2012, Paul Tucker – the Bank’s Deputy Governor for Financial Stability and Chairman of the Financial Stability Board’s Resolution Steering Group – provided a progress report on global planning for resolution regimes aimed at addressing the problem of Too Big To Fail.
Published on 04 May 2012

He stressed that a robust, credible resolution regime “... can lead to a much better financial system, with stronger market discipline and so less stability-threatening imprudence”; and he outlined some different resolution strategies and developing thinking on how to operationalise these strategies.

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