29-04-2016 14:05 via uk.news.yahoo.com

BoE says big banks must change structure to meet bail-in rules

By Huw Jones LONDON (Reuters) - Some banks will have to make internal changes to show regulators they can be closed smoothly in a crisis and without taxpayer bailouts, Bank of England (BoE) Deputy Governor Jon Cunliffe said on Friday. Policymakers don't want taxpayers to shore up troubled lenders again after public anger over government rescues of banks during the 2007-09 financial crisis. Moving to an effective "resolution" regime to wind down banks in trouble without disrupting the wider finan
Read more »