FSB plans on Sifis win G20 approval

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The G20 delivered a ringing endorsement of the slew of regulatory reform proposals that have come out of Basel, including a new package to reduce the moral hazard posed by systemically important banks that was unveiled Friday by the Financial Stability Board (FSB).

In a summit that Korean President Lee Myung-bak termed "unexpectedly successful", world leaders gave their stamp of approval to the Basel III accord, the Basel Committee on Banking Supervision's work on cross-border resolution plans a

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