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G20 To Announce Which Banks Are "too Big To Fail"

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http://uk.finance.yahoo.com/news/too-big-to-fail-bank-rules-to-be-unveiled-at-g20-tele-a7186dbc0027.html?x=0

'Too big to fail' bank rules to be unveiled at G20
Harry Wilson, 21:04, Thursday 11 November 2010
The world's largest banks will learn more details of the plans by international regulators to ensure that financial institutions considered 'too big to fail' become less of a risk to the global banking system.

This will ensure that, whatever they do, the bank will keep on going. A license to steal even more money by way of bonuses IMO.

If they are too big to fail, bust 'em up so they are smaller.

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...this all seems a bit simplistic and a VI from the GS fraternity involved..... :rolleyes:

Mr Draghi, who is also Governor of the Bank of Italy and a former Goldman Sachs banker, has written to G20 leaders saying that big banks of global importance should be subject to a period of "mandatory recovery and resolution planning" to ensure they are adequately capitalised and correctly organised to lessen their risk to the global financial system.

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http://uk.finance.ya...bc0027.html?x=0

'Too big to fail' bank rules to be unveiled at G20
    Harry Wilson, 21:04, Thursday 11 November 2010
The world's largest banks will learn more details of the plans by international regulators to ensure that financial institutions considered 'too big to fail' become less of a risk to the global banking system.

This will ensure that, whatever they do, the bank will keep on going.  A license to steal even more money by way of bonuses IMO.

If they are too big to fail, bust 'em up so they are smaller.

This is actually outrageous, 

Mr Draghi, who is also Governor of the Bank of Italy and a former Goldman Sachs banker, has written to G20 leaders saying that big banks of global importance should be subject to a period of "mandatory recovery and resolution planning" to ensure they are adequately capitalised and correctly organised to lessen their risk to the global financial system.

They should publish the list and then as RB suggests it will provide a template on which banks to break up. In practice it probably will just reveal the real rulers of the planet.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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