G20 selects 28 banks and 9 insurance companies that cannot go bankrupt

G20 selects 28 banks and 9 insurance companies that cannot go bankrupt

Russian Finance Minister Anton Siluanov announced today the results of the first day of the G20 summit. The leaders of the "Big Twenty" have agreed on which organizations cannot go bankrupt.

"The steps in the regulation of financial institutions, primarily large banks and the so-called financial institutions that cannot go bankrupt have been assessed positively. The leaders agreed that there are 28 such banks and 9 insurance companies in the world," the minister said.

Now these banks and companies will have greater demands on the supervision and responsibility of shareholders for the fate of the organizations.

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