Bondholders would take a loss under a Basel proposal

08/19/2010 | Wall Street Journal, The · Bloomberg · Reuters

The Basel Committee on Banking Supervision has proposed that during a crisis, debt that is counted as bank capital be written off or converted to stock, a move that would make bondholders suffer some of the cost of a rescue. The committee's proposal is one of several made to address future financial crises.

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Wall Street Journal, The · Bloomberg · Reuters

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