Another is that once the new regime is invoked, the government should have broad authority to wind down the financial firm in an orderly way. 2  BIS Review 48/2010  Most importantly, there should be a clear expectation that the shareholders and creditors of the failing firm will bear losses to the fullest extent consistent with preserving financial stability.
In fact, looking back at the history of currency globally, the issuance of banknotes has become limited to central banks as the issue of banknotes by multiple private banks in the past led to their uncontrollable increase, causing economic turmoil.