By Huw Jones
ST ANDREWS, Scotland, Nov 6 (Reuters) – Finance ministers from the world’s big economies launch difficult discussions this weekend on how to deal with banks whose failure could destabilise economies. Any blueprint is likely to take many months to thrash out.
G20 tries to roll back moral hazard in banks
G20 to talk currencies, ‘moral hazard’ – Canada
TORONTO, Nov 2 (Reuters) – The G20 finance ministers and central bankers meeting this weekend will discuss foreign exchange rates and the perils of designating some banks as “too big to fail,” Canadian Finance Minister Jim Flaherty said on Monday.
US Senate bill would let FDIC wind down big banks
WASHINGTON, July 30 (Reuters) – Two U.S. senators introduced legislation on Thursday that would give the Federal Deposit Insurance Corp the power to wind down bank holding companies, calling it an interim step until Congress approves broad financial regulatory reforms.
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