Bail-in debt not reliable in a crisis, says Vickers

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Bail-in debt not reliable in a crisis, says Vickers

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Sir John Vickers, Chairman of the Independent Commission on Banking, speaks at a press conference on the commission's interim report, at Victoria House, in Holborn, central London. | Dominic Lipinski/PA Archive/PA Images

Sir John Vickers, the architect of the ring-fencing regulation for UK lenders, has said that additional tools of post-crisis regulatory policy should not be relied upon to make up for a lack of equity capital within UK banks.

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