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...Antoine GaraWell, what happened was a lot of the people who were inside the banks or adjacent to the banks, they wound up building their own firms....
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...He added that individual banks “didn’t know the exposures others had, so there was no consolidated oversight. That is clearly one thing that will be on the table.”...
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...Knot said the FSB would soon publish a report on the “lessons learned” from this year’s banking crises and the “policy priorities going forward”....
...The FSB even mandates that at least 33 per cent of a global systemically important bank’s TLAC should be in debt!...
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