Cross-border resolution 'the Holy Grail for regulators'
A coherent set of rules for managing the failure of a large international bank is "the Holy Grail for regulators", a European regulator told a London conference yesterday.
Patrick Pearson, head of the European Commission's banking and financial conglomerates unit, said "higher capital requirements for systemically important financial institutions is a no-brainer", but dealing with a bank that has operations in several countries was far more challenging.
"The Basel Committee is looking at a blank
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