10/15/2010

The Financial Stability Board likely will to forgo setting a capital surcharge for systemically important financial institutions because members are struggling to come to an agreement. Instead, the FSB, which will meet next week in Seoul, South Korea, will recommend various options for tackling the issue of "too big to fail," said members of the group. France, Germany and Japan oppose a capital surcharge for large banks, while the U.K., Switzerland and the U.S. are pushing for the levy.

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Bloomberg

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