G20’s Stance on ‘Too Big to Fail’

Airtime: Sun. Jun. 6 2010 |

G20 finance ministers have thrown out the idea for group tax on the banking sector to pay for future crises, with emphasis instead on new capital requirement rules to keep that sector healthy. South Korea’s finance minister, Yoon Jeung-hyun, tells CNBC’s Chloe Cho what progress was made on “Too Big to Fail.”

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