U.S., UK bank seizure plans focus on absorbing losses - regulators

WASHINGTON (Reuters) - Both the United States and United Kingdom have developed viable approaches to seizing and unwinding failing global financial institutions, but more work is needed on the UK side to ensure that losses can be adequately absorbed, American and UK regulators said on Sunday. The Bank of England and the U.S. Federal Deposit Insurance Corp said in a joint paper that each country's plans for dealing with the types of cataclysmic financial failures that marked the 2007-2009 financial crisis would reduce risks to financial stability. ...