28 major banks would face capital surcharge, FSB says

07/19/2011 | Reuters · Bloomberg

The Financial Stability Board said 28 major banks initially would be subjected to a capital surcharge, but the task force did not name the financial institutions. The FSB confirmed that the surcharge would be between 1% and 2.5%. Leaders from the Group of 20 nations must approve the surcharge at their summit in November for it to become effective.

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Reuters · Bloomberg

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