Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 02 Feb 2010Geithner and Darling back idea of global levy on banks
THE WORLD’S most advanced economies have begun to coalesce around the idea of imposing forward-looking levies on banks to help insure the global economy against financial crises, officials said after a Group of Seven (G7) meeting in Canada.
Timothy Geithner, US treasury secretary, and Alistair Darling, his British counterpart, were among those who voiced support for a levy on banks considered “too big to fail”, the officials said after the two-day meeting in the Canadian town of Iqaluit, just below the Arctic Circle.
Choose a Subscription type - required
