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... England was the result of commercial banks demanding that the Bank of England acted in that way to safeguard the stability of the banking system 1 Baptism of Fire made The value of these assets... lender Laiki into a good and bad bank and folding the good bank into Bank of Cyprus, which was recapitalised through the first ever application of the bail -in tool in Europe involving the conversion... elected a Dragoman, an official ‘interpreter’ chosen from candidates nominated by the Archbishop The Dragoman played a significant administrative and diplomatic role as the leading intermediary between