Breaking News: G20 Global Watchdog Prepping For Systemic Banking Event With "New Tools"
Breaking News: G20 Global Watchdog Prepping For Systemic Banking Event With "New Tools"
The G20's risk watchdog highlights the need for tools like "bail-in" bonds to manage failing clearing houses without taxpayer money.
The Financial Stability Board introduced standards requiring clearers to maintain resources like liquidity and loss-absorbing capacities to prevent financial disruptions.