G30 proposes reforms to punish biggest banks

The biggest financial institutions must be subjected to more stringent regulation and central banks must take a greater role in safeguarding stability, the Group of Thirty, an influential consultative group on economics, has warned.

In a report out Thursday, entitled 'Financial Reform - A Framework for Financial Stability', the group has devised guidelines for the enhanced regulation of systemically important institutions, along with recommendations on the post-crisis role of central banks an

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