Implicit guarantees of bank debt create economic costs and distortions, which is why policy makers have clearly … announced their intention to rein in the value of implicit guarantees. This report identifies key findings from the responses … from 35 countries to a survey on implicit guarantees. The survey shows that while authorities have not settled on the best …

The value of implicit guarantees has declined from its peak at the height of the financial crisis, which is consistent … a more limited value of implicit guarantees for bank debt. Implicit guarantees persist however and their value continues …