Singapore’s new bail-in regime
contains an exemption of senior notes that could set a
precedent for the rest of the region.
Asia’s regulators have generally been
slow to establish resolution regimes in accordance with the
Financial Stability Board’s (FSB) Key Attributes.
According to Moody’s, Japan is the only
jurisdiction to meet the FSB’s Key Attributes but
its resolution regime also includes early public support to
Asian jurisdictions have generally been reluctant to
introduce bail-in to the same degree as their US and EU
counterparts; Moody’s predicts that even Australia
– a leader in implementing Basel III capital