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The international body finalizes the levels of capital that banks must retain to avoid insolvencies that require government bailouts.
The Financial Stability Board (FSB), the six-year-old international body created in response to the Great Recession, has issued requirements intended to keep “systemically important” banks solvent particularly during crisis in an effort to prevent firms that are “too big to fail” and have to be bailed out via government funds. The financial requirements for banks...
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