Regulators Should Add Bankruptcy Code, Hildebrand Says
(Corrects to show Hildebrand will join BlackRock as vice chairman Oct. 1.)
Current rules on banking regulation should be supplemented by a “special cross-border bankruptcy code” to strengthen the industry’s resilience in case of a credit squeeze, former Swiss central bank president Philipp Hildebrand, who will join BlackRock Inc. (BLK) as vice chairman Oct. 1, said at an event in Singapore today.
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