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Monday, November 09, 2015

Banking Giants Learn Cost of Preventing Another Lehman Moment (G20 ADOPTS BAIL-INS!) -

http://www.bloomberg.com/news/articles/2015-11-09/banking-giants-learn-cost-of-preventing-another-lehman-moment

The Financial Stability Board, created by the Group of 20 nations in the aftermath of the crisis, published its plan for tackling banks seen as too big to fail. The most systemically important lenders must have total loss-absorbing capacity equivalent to at least 16 percent of risk-weighted assets in 2019, rising to 18 percent in 2022, the FSB said on Monday. A leverage ratio requirement will also be imposed, rising from 6 percent initially to 6.75 percent... Excluding the three Chinese banks in the FSB's 2014 list of the world's most systemically important institutions, that range drops to 107 billion euros to 776 billion euros.

You keep money in a bank at your own peril... so don't say you were not warned.

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