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Tucker: Resolution regime 'top priority'
Tuesday 31 January 2012 - by Karina Whalley

The UK's central bank deputy governor says a credible resolution regime for failed banks is the highest priority in regulation and has called for a simplification of too-big-to-fail entities.

Paul Tucker, also a board member of the Financial Services Authority said any resolution regime, not only bail-ins, will leave unsecured and uninsured creditors vulnerable to losses.

"The highest priority is to put in place a credible...

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