FSB plans to tackle the issue of "too big to fail", an insider says

10/6/2010 | Bloomberg Businessweek

Swiss National Bank Chairman Philipp Hildebrand wrote in Financial Times that the Financial Stability Board plans to address issues related to systemically important financial institutions that are on the brink of collapse when it meets with the Group of 20 nations next month. Basel III requirements do not resolve the issue, Hildebrand wrote. Switzerland has proposed tougher requirements for major banks that would "significantly mitigate" their threats to the broader system, Hildebrand wrote.

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