Canada’s Carney favours contingent capital solution to too big-to-fail
Mark Carney, the governor of the Bank of Canada, on 9 November said contingent capital was a good private alternative to addressing banks that are too big to fail and re-instilling market discipline.
In Geneva, Switzerland, Carney said: "Better market infrastructure alone will not be sufficient to re-instill market discipline. Ultimately, a series of measures, including living wills and better cross-border resolution regimes, will be required to expose fully firms to the ultimate sanction of the
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