UK banks must find £4bn of bail-in debt by 2022

摘要

Banks operating in Britain must by 2022 find a net £4bn (US$5.3bn) of debt that can help a bank if it hits trouble, to comply with rules aimed at shielding taxpayers. The Bank of England said last week it was putting the finishing touches to a system for dealing with failing banks, to ensure big banks can be wound down and would be no longer "too big to fail" and hold taxpayers to ransom.