Bank Bail-ins Coming to the U.S. Says Vice Chairman of the Federal Reserve
Bank Bail-ins are coming to the United States
"As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding--this cushion is known as a "gone concern" buffer."
Vice Chairman of the Federal Reserve Stanley Fisher
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