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Breakingviews: Death of global banking?

Monday, November 10, 2014 - 04:16

The G20 proposes buffers to end too big to fail banks, but emerging market and non-systemic peers are exempt. This may mean the days of borderless banking are numbered, says Breakingviews George Hay.

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So details from the guy FSB financial stability board trickling in this morning. Looks lights. Banks are gonna have to hold bail in the bowl debts of as much as 25% of persuaded that sets up. That's that's been with George has been writing about this breaking views George. All the faces it its cure it. Yeah because I am tomorrow Connie is set that we need to deal with this we need to do this in a comprehensive way. But when you look at the book the detail at least some of the really big systemic play as at a disadvantage. Yeah I mean agreed to do that. Overrule which is again faith as a step forward the coast coney has managed to kind of get. A certain level of agreement that the banks around the world when he says. No kind of collapse in the laps that taxpayers. Need to hold some kind of debatable question. Which says it will stop back happening so that's about to step forward. The issue Wheaties just. Will be instinct ingredients. From now on what does that say for global banking will what is because it will banks who won't compete. The kind of things that the amendment and the issue here is that says. While the big east play is that they went through that he banks will have to you don't face them. I mean new regime and now basically raised he too much more stable capital which will be expensive for them. Appointed they will be nine competing in. Who didn't call the world against banks that opening statements and you have to piece that I enough and hot muggy but. Baffled rated BDC today and asked to win they will keep going being as comprehensive as the community as an economy. So I mean potentially. I'm a massive change in. In the structures of these again and and and and you say it could mean the days of borderless banking here number it. Yen and existing because. You concerned is sending you. One of the banks affected by it than that you completely up in on the Kobe will be up in arms saying. This is human. This is gonna completely throughout our business moles molested. And usable and useful to remember it you know promote why does the thoughtful point he. You know what coney Malik beating him is actually. He Kobe doesn't minded global might get a bit small but I think you'll think it will probably not necessarily the probably become a bit safe haven T that. So. Yeah you'll you'll take to bring you say we're moving in the right direction with Venus it's it's good to have this country and it's just that to hit Connie talk about it. Yeah this needs that you that we need to pray nobody to punish not to punish. I was I was chat with some of the other day looks a compliance. As part of club finance and recite a Freud systems and Royces and and they were saying. Actually what's happened in the states now with the Republicans winning the senate and and and insurance how suction properly equipped for this because that four week into. Take a lot of the funding away from from from from the big regulators or over can see that happening for the guidelines and that and that of course is can I act against this. Well I mean if it's a city in Steve asked if that is they'll let you know happening but I mean at the moment. I don't say regulators though. Coin on the front foot and especially in America they just. And yet must accept to school in thunder and I authority. Unit where we go basis colonies. Probably be. He's he business probably you know up to become quite powerful moment for him because he's kind of that coming at these new regulations if if being used in order to get to this level of them agreement he's had to give quite key concessions. T various. Banking systems around the world say that pool will same coin with his competitiveness. Slams the agenda the quote was talking about. A victory at George many things that George had a breaking news site confront his course George's piece on on the breaking news website US shares told police and sent in thirty GMT. And acts of trouble.

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Breakingviews: Death of global banking?

Monday, November 10, 2014 - 04:16