Analysis: Basel's hybrid-capital ideas might be attempting the impossible

08/23/2010 | Wall Street Journal, The

The Basel Committee on Banking Supervision is proposing for banks an instrument that behaves like equity in bad times and debt in good times. The committee is trying to avoid taxpayers' subsidization of bondholders in future bank bailouts. The group is running into challenges in trying to figure out how to make its ideas work in practice, according to The Wall Street Journal.

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