Safe to Fail

Thomas F. Huertas

Chapter 4 in Safe to Fail, 2014, pp 82-133 from Palgrave Macmillan

Abstract: Abstract Reforming resolution constitutes the second, and arguably more important, pillar of the reform program initiated by the G-20 in response to the crisis. This aims to make banks resolvable, so that the failure of a bank need not disrupt financial markets or the economy at large and so that investors, not taxpayers, bear the cost of bank failures. In other words, reform aims to make banks “safe to fail.”

Keywords: Central Bank; Home Country; Subordinate Debt; Resolution Regime; Liquidity Provider (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38365-5_5

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DOI: 10.1057/9781137383655_5

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