Andy Haldane, executive director for financial stability at the Bank of England, says bail-in rules that require a bank's creditors to faces losses, rather than tapping taxpayers, might not be enough to address the issue of "too big to fail". "When a big bank fails, bail-in is never a soft option ... the temptation is always there for governments to reach for the checkbook," Haldane said, noting an "irresistible" temptation to bail out banks, rather than require a bail-in.

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