The Financial Stability Board is considering broadening the definition of firms deemed "too big to fail" to include insurers, clearinghouses and domestic banks. That would subject such companies to capital rules designed for the world's largest financial institutions. "The world contains a whole slew of institutions like that which are not systemic on a global level but are on a national level," said Simon Gleeson, a regulatory lawyer at Clifford Chance.

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Bloomberg, Reuters

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