ndrwrld
TRIBE Member
The Government proposes to implement a “bail-in” regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants.
am i correct in thinking certain bank liabilities = our money ?
Conservative 2013 Budget May Allow Banks to Confiscate Customer's Deposits
i thought this was crazy and quite impossible until i saw this, from the former Governor of the Bank of Canada.
Mark Carney: Canadian deposits safe under bail-in, but no guarantee | FP Street | News | Financial Post
am i correct in thinking certain bank liabilities = our money ?
Conservative 2013 Budget May Allow Banks to Confiscate Customer's Deposits
i thought this was crazy and quite impossible until i saw this, from the former Governor of the Bank of Canada.
Mark Carney: Canadian deposits safe under bail-in, but no guarantee | FP Street | News | Financial Post