He starts by noting that “bail in” is one of a number of potential resolution strategies set out in the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions and that some progress has already been made in implementing those Key Attributes. The publication of the proposed European Recovery and Resolution Directive (RRD) is a significant step in this direction. Andrew Gracie sees that in some cases - particularly for global systemically important financial Institutions (G-SIFIs) - the bail in tool might be used to deliver the objectives of the Key Attributes to resolve institutions in an orderly manner without taxpayer exposure to loss, while maintaining continuity of their core economic functions.
Published on 18 September 2012
// News // Minutes
Minutes of the Wholesale Distribution Steering...
Minutes of the Wholesale Distribution Steering Group - October 2019
// News // News release