Cunliffe speaks on ending "too big to fail": Jon Cunliffe, Deputy Governor for Financial Stability at BoE, spoke on the bail-out decisions taken at the height of the financial crisis and the regulatory reform that followed. He concentrated on prudential measures to reduce the likelihood of failure and on measures to manage the impact of failure. On the latter, he discussed gone concern loss absorbency capacity, the recognition of bail-in in foreign jurisdictions, and the stay on derivatives to avoid a disorderly unwinding of positions. (Source: Ending Too Big to Fail)