Vice Chairman of the US Federal Reserve Stanley Fischer (L), Chair Janet Yellen (C), and Governor Daniel Tarullo (R) attend a meeting of the Federal Reserve Board to discuss a final rule establishing long-term debt and total loss-absorbing capacity requirements for global systemically important banking organisations. Photo: EPA

US banks must pay US$2 bn/year to insure against a future market collapse

Topic |   Federal Reserve

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Vice Chairman of the US Federal Reserve Stanley Fischer (L), Chair Janet Yellen (C), and Governor Daniel Tarullo (R) attend a meeting of the Federal Reserve Board to discuss a final rule establishing long-term debt and total loss-absorbing capacity requirements for global systemically important banking organisations. Photo: EPA
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