Regulators could expand definition of “too big to fail”

Filed under: AM Roundup |

Global financial leaders are suggesting including domestic lenders, clearing houses and insurers to the same regulations as the world’s largest banks, reports Bloomberg.

The Financial Stability Board says new regulations will be in place by the end of 2012.

Those institutions declared “too big to fail” will have to boost reserve funds by 1 to 2.5 percent.

Read more at Bloomberg.