by Sebastian Schich | Jul 20, 2022 | Ending too-big-to-fail, financial safety net, implicit guarantees, TBTF, too-big-to-fail
Are changes in regulation and resolution regimes sufficient to reduce the value of implicit bank debt guarantees? Or are actual losses for bank creditors needed? Banks continue to benefit from implicit guarantees (Schich, 2018). Market participants’ expectations that...
