By Kevin Drawbaugh
PITTSBURGH, Sept 25 (Reuters) – Banks would have to bulk up on capital and slim down on bonuses under a conditioning plan recommended on Friday at the G20 summit by world leaders seeking to avert future financial crises.
Whether member nations of the international body get with the program remains to be seen. The G20 has no lawmaking power, but it sets the tone for institutions that do. (more…)