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Banks' failure cushions not sufficiently mobile, FSB says

By Jack Schickler ( July 2, 2019, 16:00 GMT | Insight) -- Banks’ provisions for future failure are up to scratch across the world, the Financial Stability Board said, but there are still qualms about loopholes in the law, flexibility for multinational groups, and whether investors know what they're getting into. The global stability watchdog said that it’s still not legally clear who will carry the can in case of a bank’s failure, and that major jurisdictions have diverged in stipulating how those assets should be designed, and who can buy them.Banks’ provisions for future failure are up to scratch across the world, the Financial Stability Board said, but there are still qualms about loopholes in the law, flexibility for multinational groups, and whether investors know what they're getting into. ...

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