Bank Resolution is dead: authorities dare not use it – and instead risk destroying capital markets
Published on 1st April 2023.
The underlying article was published by IREF Europe on 29th March 2023.
The template created after the Global Financial Crisis of 2007/8 to shield taxpayers from direct bailouts of failed banks has already folded – authorities dare not use it.
The template is to put failed banks into ‘resolution’, with retail and small […]