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Some Global Banks Still Too Big to Fail

Report from FSB indicates banks and regulators need to do better in assessing liquidity needs and determining how creditors can help a failing bank.

By Silla Brush, Bloomberg | Updated on August 18, 2016

The world’s biggest banks still can’t be wound down in an orderly manner nearly eight years after the financial crisis, the Financial Stability Board (FSB) said, calling for renewed efforts to tackle the risks posed by too-big-to-fail firms.

"Challenges remain in a number of important areas where we need to undertake renewed efforts during the remainder of the year to complete the job of ending 'too big to fail.'" --Andrew Gracie, Financial Stability BoardThe FSB, led by Bank of England Governor Mark Carney, said in a report on Thursday that while significant progress has been made, firms and regulators need to better assess liquidity needs for lenders in resolution and to determine how creditors can share losses and replenish a failing bank’s capital.

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