boe speech, 2006-11-13
He argued that, in deciding whether to provide support, the authorities should: explore every option for a commercial solution before committing public funds; structure any support such that losses would fall first to shareholders and any benefits fall first to the authorities; not, in normal circumstances, lend to a firm known at the time to be insolvent; and, look for a clear exit from provision of the lending.
Sentiment: neutral
Topic: financial_stability