Singapore carve-out may change Asia bank resolution

Author: Ashley Lee | Published: 8 Jul 2015

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 prevent stress.

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 requirements...



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