Forum for general discussion of Peak Oil / Oil depletion; also covering related subjects
Moderator: Peak Moderation
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3rdRock
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by 3rdRock »
http://www.bbc.co.uk/news/business-29982181
New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed.
The rules, created by the Financial Stability Board (FSB), a global regulator, will require big banks to hold much more money against losses.
Mark Carney, FSB chairman and governor of the Bank of England, said the plans were a "watershed" moment.
He said it had been "totally unfair" for taxpayers to bail out banks after the financial crisis of 2008 and 2009.
The proposed new rules, which are up for consultation and should take effect in 2019
Why wait until 2019?
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snow hope
- Posts: 4101
- Joined: 24 Nov 2005, 11:09
- Location: outside Belfast, N Ireland
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by snow hope »
Gives them another 5 years for wealth distribution - to the 1%
Real money is gold and silver
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another_exlurker
- Posts: 159
- Joined: 28 Mar 2014, 20:18
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by another_exlurker »
Shortfall wrote:
The proposed new rules, which are up for consultation and should take effect in 2019
Plenty of time for them to water the regulations down to the point of meaninglessness.
Along with what snow hope said, too.
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frayne
- Posts: 14
- Joined: 06 Aug 2014, 08:57
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by frayne »
I hope by that time. They are able figure out the right thing.
