Less than half of the jurisdictions under the Basel Committee on Banking Supervision have adopted the bail-in debt and capital rules agreed by the standard-setting body – despite the agreed deadline having passed in January.

Total loss-absorbing capacity (TLAC) requirements for too-big-to-fail banks are in effect in only eight of the 19 member jurisdictions. Another eight countries have yet to put forward any laws on TLAC, including China, which is host to four current global systemically