BoE, FSA and FDIC Plan “Top Down” Bail-In of Seven G-SIFIs

Below is a link to an FT article published this morning which discusses the progress being made by authorities in the UK and the US on the drafting of resolution plans for seven of the twenty-nine G-SIFIs, including Goldman Sachs, JP Morgan and Barclays.

Of more interest is the fact that the UK and US still seem to be blazing the trail with respect to finalising resolution plans with “the sceptics in Europe and Asia” bringing up the rear.

(subcription required)

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