{"id":1335,"date":"2014-11-10T07:02:49","date_gmt":"2014-11-10T12:02:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1335"},"modified":"2014-11-10T07:02:49","modified_gmt":"2014-11-10T12:02:49","slug":"new-rules-proposed-to-put-an-end-too-big-to-fail-banks-reuters","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1335","title":{"rendered":"New rules proposed to put an end &#8216;too big to fail&#8217; banks | Reuters"},"content":{"rendered":"<p><a href=\"http:\/\/www.reuters.com\/article\/2014\/11\/10\/us-g20-banks-regulations-idUSKCN0IU0E920141110\">New rules proposed to put an end &#8216;too big to fail&#8217; banks | Reuters<\/a>.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">(Reuters) &#8211; Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the plans marked a watershed in ending\u00a0<span class=\"mandelbrot_refrag\"><a class=\"mandelbrot_refrag\" style=\"color: #006e97; text-decoration: none; cursor: pointer; outline-style: none; outline-width: initial; outline-color: initial;\" href=\"http:\/\/www.reuters.com\/sectors\/industries\/overview?industryCode=128&amp;lc=int_mb_1001\" data-ls-seen=\"1\">banks<\/a><\/span>\u00a0that are too big to be allowed to fail.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">&#8220;Once implemented, these agreements will play important roles in enabling globally systemic\u00a0<span class=\"mandelbrot_refrag\"><a class=\"mandelbrot_refrag\" style=\"color: #006e97; text-decoration: none; cursor: pointer; outline-style: none; outline-width: initial; outline-color: initial;\" href=\"http:\/\/www.reuters.com\/sectors\/industries\/overview?industryCode=128&amp;lc=int_mb_1001\" data-ls-seen=\"1\">banks<\/a><\/span>\u00a0to be resolved (wound down) without recourse to public subsidy and without disruption to the wider financial system,&#8221; Carney said in a statement.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">After the financial crisis in 2007-2009, governments had to spend billions of dollars of taxpayer money to rescue banks that ran into trouble and could have threatened global financial system if allowed to go under.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">Since then, regulators from the Group of 20 economies have been trying to find ways to prevent this happening again.<\/p>\n<p style=\"font-size: 15px; font-family: georgia, 'times new roman', serif; line-height: 23px; padding: 0px; margin: 0px 0px 20px 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New rules proposed to put an end &#8216;too big to fail&#8217; banks | Reuters. (Reuters) &#8211; Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[46,63,995,802],"class_list":["post-1335","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bail-in","tag-banks","tag-mark-carney","tag-too-big-to-fail"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1335"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1335\/revisions"}],"predecessor-version":[{"id":1336,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1335\/revisions\/1336"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}