Exclusive: G20 Finalizing Flexible ‘bail In’ Bond Deal For Banks: Sources
Two sources familiar with the plans said, the world’s top banks could count surplus capital towards their new buffers of special bonds that could be called on in a crisis to shield taxpayers. The proposed rule is a crucial piece in a jigsaw of tougher rules for making banks safer after governments had to shore up lenders during the 2007-09 financial crisis.
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