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systemically important

Financial panel pushes G-20 to combat ‘too big to fail’

"An international financial board wants regulators to do more to end the risks posed by financial institutions that are 'too big to fail.'


"In a report published ahead of this week’s Group of 20 conference in St. Petersburg, Russia, the Financial Stability Board (FSB) laid out a list of recommendations for nations to mitigate the potential hazards from the major financial institutions.