EU banks’ stability failings highlight limits of global governance

25 June 2019 9:29pm
Post-crisis banking reforms have still not been fully implemented, a global financial stability watchdog has warned G20 leaders as they prepare to meet in Osaka this weekend.

It's not the first time the Financial Stability Board has warned of these gaps. But they persist, notably in the EU, which has been warned for several years that its efforts to shore up lenders are “not materially compliant” with global norms.

Global regulators hope that shame will encourage laggards to catch up, as European lenders urge to make a further special case in implementing the latest round of bank-capital rules.