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EU to propose higher capital for foreign G-SIBs

The European Commission is expected to propose rules requiring foreign global systemically important banks operating in the EU to hold greater levels of capital and liquidity to prevent European governments from footing the bill should the institutions fail. The rules are similar to US rules that establish increased oversight for foreign banks.

The Wall Street Journal (tiered subscription model) (11/21),  Financial Times (tiered subscription model) (11/21)

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