FSB admits bail-in weak spot

Author: | Published: 7 Nov 2011

The absence of senior unsecured debt to bail-in in a resolution scenario is a "weak spot", a Financial Stability Board (FSB) official has admitted.

Speaking at the IBA session 'Recapitalising financial institutions in distress – can it really work?’ on November 2, Charles David Randell of Slaughter and May said that given unsecured senior debt is liable for bail-in,...