Top UK, US Regulators Meet To Discuss Preventing Bank Failures

As a horde of top US and UK financial officials meet in Washington to discuss methods to resolve the failure of a large, systemically important bank, British authorities have instituted a new law holding bank executives criminally responsible if their banks fail again. Regulators meet to discuss prevention for bank failures The meeting in Washington DC, timed to coincide with International Monetary Fund meetings, are attended by the heads of all major regulatory agencies who could be impacted by another big bank derivatives implosion. On the US side this includes chair people from the FDIC, SEC, CFTC as well as…