Another 10 to 15 Banks are likely to face surcharges ranging from 0.5 to 2 per cent as part of the effort to make so-called "global systemically important financial institutions" more resilient.

Strengthening and using the existing social capital adds value by building local capacity, improving governance, ensuring ownership and helping address psychological trauma.

Any extra cost of capital should be quite limited because the losses from a bail-in resolution are so much smaller than the losses at risk in a liquidation.