“Mark Carney says policy-makers are working diligently to devise an international ‘bail-in’ regime to prevent big bank failures, but he offered no guarantee that individual deposits would be protected. The Canadian central banker, who is a few months away from heading the Bank of England, says banks must have a set of buffers in place to draw on in an emergency. He notes the Canadian government has pledged not to dip into individual deposits. Carney did not answer whether there should be a total hands-off treatment to non-secured accounts as well, which in Canada would mean deposits over $100,000.”
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