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