IMF paper-From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions-continued

Large-scale government support of the financial institutions deemed too big or too important to fail during the recent crisis has been costly and has potentially increased moral hazard.
To protect taxpayers from exposure to bank losses and to reduce the risks posed by too-big-tofail (TBTF), various reform initiatives have been undertaken at both national and international levels, including expanding resolution powers and tools.

view the paper-From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions

Source: IMF

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