Nov
10
Banking Giants Learn Cost of Preventing Another Lehman Moment
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FSB publishes final total loss-absorbing capacity standards
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Banks may resume bond issuance put on hold as rules prepared
Seven years after the collapse of Lehman Brothers jolted the global economy, the world’s biggest banks may need to raise as much as $1.2 trillion to meet new rules laid down by financial regulators.
After years of work, the Financial Stability Board, created by the Group of 20 nations in the aftermath of the crisis, published its plan for making sure giant lenders can be wound down and recapitalized in an orderly way, without taxpayer bailouts…
Banking Giants Learn Cost of Preventing Another Lehman Moment
