End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders
- G-20 to back ruleset replacing `bail-outs' with `bail-ins'
- FSB and Basel plan to complete post-crisis reforms next year
World leads and members of the Financial Stability Board (FSB) meet at the G20 Turkey Leaders Summit on Nov. 14, 2015
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World leaders are set to endorse plans by regulators to end the era of too-big-to-fail banks, forcing them to raise as much as $1.2 trillion, and backed proposals to wrap up sweeping reforms of rules for the global banking system.