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All senior not equal in bail-in, says BoE's Gracie

18 Sep 2012

All senior creditors should not necessarily be treated equally in the event of a bank bail-in, according to Andrew Gracie, director of the Bank of England’s special resolution unit. His comments, made in a speech to the British Bankers' Association on Monday, mark a departure from European proposals relating to crisis management.

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18 Sep 2012