Q: Hi 5i Team,
I recently learned that Canada has enacted a "bail-in" regulation so that systemically important financial institutions can recapitalize by converting some of their liabilities (deposits) into capital should another financial shock occur. Is this fact? How does this regulation work and How does one avoid forced conversion of savings?
Thanks for you great service.
Regards,
Danny
I recently learned that Canada has enacted a "bail-in" regulation so that systemically important financial institutions can recapitalize by converting some of their liabilities (deposits) into capital should another financial shock occur. Is this fact? How does this regulation work and How does one avoid forced conversion of savings?
Thanks for you great service.
Regards,
Danny