WASHINGTON — In the absence of global resolution rules, a hard-to-pronounce buzzword has crept into the debate on winding down big banks: subsidiarization.

The concept, which has been practiced to some extent in other countries, broadly means giant firms putting their many international business lines into clear-cut subsidiaries instead of less distinct branches, making it easier to unwind them in a resolution.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access