The Federal Deposit Insurance Corporation has released the most comprehensive report to date on how the institution would resolve a failing global systemically important bank without resorting to a bail-out.
“An orderly resolution is far preferable to the alternatives, particularly resorting to taxpayer support to prop up a failed institution or to bailing out investors and creditors,” said FDIC chair Martin J. Gruenberg presenting the report yesterday during a conference organised by the Peterson Institute for International Economics in Washington.
