BIS outlines blueprint for recapitalizing troubled banks

06/3/2013 | Reuters

The Bank for International Settlements has offered a plan for recapitalizing a major financial institution on the verge of failure. "[It] proposes a simple recapitalization mechanism that is consistent with the rights of creditors and enables recapitalization of a [too-big-to-fail] bank over a weekend without the use of taxpayers' money," the BIS paper says.

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