Mark Carney, The Governor of the Bank England
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'Too big to fail' bank rules unveiled by global regulators

New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed.

The rules, created by the Financial Stability Board (FSB), a global regulator, will require big banks to hold much more money against losses.

Mark Carney, FSB chairman and governor of the Bank of England, said the plans were a "watershed" moment.

BBC Business Editor Kamal Ahmed reports.

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