Around the same time, the Bank of England was developing similar architecture, given the pressing need for a better tool to handle failing banks in the wake of the financial crisis. The first official discussion of bail-in was set out in a speech by Paul Tucker, who chaired the Financial Stability Board (FSB) Working Group on Cross Border Crisis Management and was also deputy governor for Financial Stability at the Bank of England. In March 2010, Tucker began to outline the properties of a new "bail-in" strategy to handle the failure of a large bank: