No alternative to bail-in capital: Bank's Tucker
Paul Tucker, a deputy governor of the Bank of England, on Thursday hit out at bankers' criticism of bail-in capital, a form of debt-to-equity conversion to be imposed when lenders are under stress.
At a forum in Brussels, Tucker, the deputy governor for financial stability, tackled lenders' concern that triggering the conversion of uninsured debt to equity could spark grave fears for the health of the institution, leading to a rapid loss of market confidence. "I don't think you understand where
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