G20: TLAC RIGS FINANCE FOR BANKS AND GOVERNMENTS

The leaders of the worlds’ governments are beginning to leave the G20 Summit. Among the meetings, spells, rituals and virgin sacrificesthere was one particularly vile agenda item.
TLAC – Total Loss Absorbency Capacity.
Remember when those banks failed? Well, apparently they’ve figured out that it’s really hard work to maneuver politically. Not only are politicians expensive, it’s bad publicity man.
Back in 2009 the G20 was hosted in Pittsburgh, Pennsylvania. The Financial Stability Board (FSB) was asked to develop a plan for ending ‘Too Big to Fail’banking. Don’t get excited, there isn’t that much history here. Effectively, they sat on their asses until the crisis in Cyprus hit.

This post was published at Crypto Coins News on November 18, 2014.