In retrospect, this risk sensitive  4  This is exclusive of small housing loans provided within the priority sector lending. 22  BIS Review 50/2006  approach has served us well in containing aggregate demand pressures and second round effects to an extent.
The second-largest bankruptcy in American history was the bankruptcy of Washington Mutual, Inc., the savings and loan holding company that owned Washington Mutual; its pre-failure total assets were nearly $ billion. Both Lehman and Washington Mutual filed for bankruptcy in September 2008. BIS central bankers’ speeches  1  alternative to a bankruptcy resolution overseen by a judge.