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Archive Home > 2010 > March > 21 > Many calls for avoiding a repeat bank bailout

Many calls for avoiding a repeat bank bailout

But credibility problem arises as Senate debates new regulation

By Sewell Chan / The Bulletin
March 21, 2010

WASHINGTON — The idea of requiring giant banks to develop contingency plans that would spell out their orderly demise in a financial crisis gained support last week from major international regulators.

The Basel Committee on Banking Supervision, a forum for international cooperation on financial....

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