Bloomberg News

Bailey Says Unwininding Big Banks Would Require Public Money

October 04, 2011

Oct. 4 (Bloomberg) -- The U.K.’s legal framework for bank resolution “doesn’t have the ability to resolve large banks without using public money” Andrew Bailey, director of U.K. banking supervision at the Financial Services Authority, said in a speech in Oxford, England today.

To contact the reporter on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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