Singapore bail-in regime to push banks into sub debt

Singapore is introducing bail-ins into its banking system for the first time as it attempts to strengthen its powers to resolve failed lenders. But those familiar with other bail-in regimes around the world will find the Lion City's version alien.

Bail-in is a tool intended to tackle the issue of taxpayers having to pay for bank failures by making shareholders and creditors pick up the tab instead.

The country's regulator, the Monetary Authority of Singapore (MAS), published a consultation on bail-in on June 23...