IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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New Bank of England rules bring UK closer to ending taxpayer bailouts
The Bank of England is today announcing new rules designed to make it easier to manage the failure of banks and building societies in an orderly way, as part of reforms to end taxpayer bailouts in the UK. During the financial crisis, governments were forced to bail out failing banks, rather than risk the damage that a disorderly failure would have had on the wider economy and financial system. Some banks were too big to be allowed to fail. Today, following a public consultation, the Bank of England is publishing its policy on setting the Minimum Requirement for own funds and Eligible Liabilities (MREL), which is a ... (full story)
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- Nov 8, 2016 5:12am Nov 8, 2016 5:12am
- Aussi
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- manosk
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"Bulls make money, bears make money, pigs get slaughtered"
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- jurek
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Pleiadian
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Don't wait for the wind, take to the oars.