LONDON (Reuters) – Central bank forum the Bank for International Settlements laid out a blueprint on Sunday for how to recapitalize a major lender in the event of a failure, seeking to avoid the sort of chaotic ad hoc rescues seen since 2008′s financial crash. Authorities have been grappling since the collapse of U.S. investment bank Lehman Brothers five years ago with the question of how banks regarded as systemically important – or too big to fail (TBTF) – can be recapitalized without causing panic and without needing taxpayer cash. …
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