LONDON – The G20's financial watchdog on Wednesday said rules it introduced after the global financial crisis had prevented contagion from the latest banking sector turmoil, but it would remain vigilant as the outlook has become more challenging. After taxpayers bailed out lenders during the 2007-09 crisis, the Financial Stability Board (FSB) thrashed out rules on how to better capitalize banks, and quickly 'resolve' or wind them down in a crisis without public aid, to end so-called too-big-to-fail banks.

https://business.inquirer.net/395554/g20-financial-watchdog-seeks-to-learn-from-latest-banking-turmoil

#inquirer