US, UK Plan For Failed Banks May Not Curb Regulator Fights

Law360, New York (December 10, 2012, 7:37 PM EST) -- The U.S. and the U.K. outlined a plan Monday to unwind insolvent global financial firms from the top down in order to limit the possible damage to the global economy, but skeptics say the plan is unlikely to prevent all-out brawls among international regulators if a big bank fails.

One of the most complex questions to emerge from the 2007-09 global financial crisis was how to deal with the failure of so-called too-big-to-fail financial institutions and avoid taxpayer bailouts.

In a Sunday position paper, the Federal...
To view the full article, register now.