IMF/ World Bank meetings: lack of resolution regimes a key concern
Currency wars may have hogged the headlines. But another issue oft voiced at the IMF/ World Bank meetings this weekend has been the continuing lack of an adequate resolution regime for cross-border banks.
More than two years after the collapse of Lehman Brothers threatened to bring the global financial system to a standstill, officials and bankers agree that devising a resolution regime for cross-border banks is pivotal in ensuring financial firms are no longer too big or interconnected to fail
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