Carney: G-20 summit will be ‘watershed’ in TBTF efforts
BoE governor says G-20 meeting next month will be ‘the watershed’ in ending too-big-to-fail
Bank of England governor Mark Carney today insisted that next month's G-20 meeting in Brisbane, Australia, will be "the watershed" in global efforts to end the ‘too-big-to-fail' problem.
At the summit the Financial Stability Board (FSB), which Carney chairs, will submit proposals that will be "decisive" in ensuring that systemically important institutions "bear the cost of their own actions".
Carney made his remarks during a panel discussion in Washington, DC, where he also criticised bankers
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