Too big to fail subsidy was worth up to $300bn in eurozone in 2012, IMF says
Eliminating TBTF may be impossible, says IMF, but more should be done
The implicit government support to banks considered too big to fail was worth up to $300 billion in the eurozone and $70 billion in the US in 2012 alone, according to a report out today in the latest edition of the IMF's Global Financial Stability Report (GFSR).
The report, entitled How big is the implicit subsidy for banks considered too important to fail?, says reforms since the global financial crisis have reduced, but not eliminated the implicit government subsidy afforded to systemically
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