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nbruno322
01-26-2015, 07:52 AM
“Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution”

I must begin with an apology—that I’ve provided readers with such a confusing title to have to digest. It sounds like the sort of title that would be created by some committee. Or worse, by a group of governments that are trying very hard to conceal the purpose of some especially nefarious agreement that they’ve just colluded on.

Well, as luck would have it, that’s just what it is. The “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution” agreement is the title of a decision that was reached by the G20 countries, to approve an across-the-board Cyprus-style bail-in.

http://www.internationalman.com/articles/adequacy-of-loss-absorbing-capacity-of-global-systemically-important-banks