Final rules to tackle systemically important institutions announced

Cannes, where the G-20 summit was held

The Financial Stability Board (FSB) on Friday revealed its policy measures to address systemically important financial institutions (Sifis).

The announcement was made following the Cannes Summit, where Group of 20 (G-20) leaders united to endorse the implementation of an integrated set of policy measures to address the risks to the global financial system from Sifis, and the timeline for implementation of these measures. The agreement ends months of speculation about exactly how systemic

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