BoE and FDIC co-operate on bail-in plans
The Federal Deposit Insurance Corporation (FDIC) and the Bank of England have released a joint document setting out proposed plans for the resolution of global systemically important banks. The joint paper, released on December 10, focuses on a "top-down" approach aimed at protecting core functions and allowing orderly restructuring.
The document was produced "in connection" with the Financial Stability Board's Key Attributes of Effective Resolution Regimes for Financial Institutions, which
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