Banking behemoths led by HSBC and JPMorgan Chase now know the cost they’ll have to shoulder so the global financial system doesn’t have 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 per...
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