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Global banks can't be wound down with certainty, says FSB

Basel-based regulator updates list of world's 30 biggest banks; adds China Construction Bank, drops Banco Bilbao
Wednesday, November 4, 2015 - 05:50
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Mr Carney is due to present the FSB's final term sheet for total loss-absorbing capacity on Nov 9

Vienna

GLOBAL banks working in multiple countries still can't be wound down with certainty and in an orderly manner, one of the key goals world leaders put before the Financial Stability Board, the regulator led by Bank of England governor Mark Carney.

Nations need to enact