JPMorgan, Goldman on list of 30 systemically important global institutions

11/30/2009 | Financial Times (tiered subscription model)

The Financial Stability Board developed a list of 30 financial institutions, including HSBC, UBS, JPMorgan Chase and six insurance companies, that it pegged for cross-border regulatory exercises. The effort is designed to address systemically important international financial companies and pre-empt the spread of risk in any future financial crisis. Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch and Citigroup also are on the list.

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