US Federal Reserve vice-chairman Stanley Fischer has confirmed that US regulators are preparing to issue proposals requiring large US banks to issue bail-inable long-term debt. Speaking in Stockholm on August 11, Mr Fischer said that work on resolution mechanisms set out in the 2010 Dodd-Frank Act is less advanced than the work on capital and liquidity ratios, but that it still holds the promise of making it possible to resolve troubled banks without taxpayer bailouts.

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