Bank Failure Fallout Should Be Spread Thin and Wide, Lenders Say
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A man carries a box after leaving the Lehman Brothers European Headquarters building in Canary Wharf in east London on September 15, 2008. T
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`Moderate contagion’ across wide population better, banks say
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European bank lobby asks Basel Committee to allow TLAC holding
Global bank regulators should allow “moderate” contagion to spread across the financial system should one of the world’s biggest lenders fail, preventing a fatal blow hitting the unregulated, non-bank part, a European bank lobby organization said.
The Basel Committee on Banking Supervision should allow less-connected banks to buy the debt of the world’s globally systemically important banks, even if the securities are designed to take losses in a collapse, the European Banking Federation said. The group commented on the committee’s planned rules for total loss-absorbing capacity, or TLAC…
Bank Failure Fallout Should Be Spread Thin and Wide, Lenders Say
