Regulators eye further changes to end too-big-to-fail banks

April 15, 2015 3:59 PM

53 0

LONDON, April 15 (Reuters) - Global regulators expect the financial sector to come up with proposals by the end of the year for allowing temporary suspensions of financing contracts while a collapsing bank is being wound up.

Such "stays" on contracts are part of efforts to stop banks from being "too-big-to-fail", meaning regulators would have enough time to wind them up rather than come under pressure to use taxpayer money to bail them out.

Also read: UPDATE 1-Apple shows ambition to get into self-driving car race

Read more

To category page

Loading...