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G-20 will discuss euro-zone banking union and systemic risk
Officials from the Group of 20 nations will discuss Europe's proposed banking union and the nearly 30 banks considered systemically important when they meet next week in Mexico, a German official said. Germany plans to push its insistence that institutions deemed "too big to fail" should never again gain taxpayer-funded rescues. Meanwhile, London fears losing a good portion of its financial-centre status by remaining outside the proposed banking union.
Bloomberg (tiered subscription model) (01 Nov.), Bloomberg (tiered subscription model) (01 Nov.), The Wall Street Journal (tiered subscription model) (01 Nov.)
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