IPFS News Link • Economy - Economics USA
Here's the official list of banks that are too big to fail
• Business InsiderAs a response to the crisis, the G20 countries set up the Financial Stability Board, a global watchdog for financial institutions. One of its responsibilities is to identify the banks that can't go bust without causing a domino effect.
The FSB calls such institutions global systemically important banks, or GSIBs, and on Tuesday it published a list of them.
The banks are split into buckets, with each corresponding to higher loss absorbency requirements based on how important to the global financial system the bank is. The higher the number, the more important the bank and the more capital it will be required to hold.
Here's the full list:
Financial Stability Board