The draft rule is the last major piece of banking reform put forward by world leaders since the 2007-09 financial crisis forced taxpayers to shore up undercapitalised lenders. The Financial Stability Board (FSB), made up of regulators from the Group of 20 economies (G20), said global banks like Goldman Sachs (GS.N) and HSBC (HSBA.L) should have a buffer of bonds or equity equivalent to 16 to 20 percent of their risk-weighted assets from January 2019.
Published in TZ Latest News 9 November, 2014 by The TZ Newswire Staff
G20 proposes buffer to end too big to fail banks
Published in TZ Latest News 9 November, 2014 by The TZ Newswire Staff
G20 proposes buffer to end too big to fail banks
The draft rule is the last major piece of banking reform put forward by world leaders since the 2007-09 financial crisis forced taxpayers to shore up undercapitalised lenders. The Financial Stability Board (FSB), made up of regulators from the Group of 20 economies (G20), said global banks like Goldman Sachs (GS.N) and HSBC (HSBA.L) should have a buffer of bonds or equity equivalent to 16 to 20 percent of their risk-weighted assets from January 2019.