The world's top banks must spell out what would trigger capital raising and other steps to survive a crisis without needing taxpayer money, a global regulatory body said on Tuesday. The Financial Stability Board (FSB) published final guidance for lenders and supervisors listing "triggers" that would force a bank to consider action to shore up its capital, such as writing down its bonds. The FSB coordinates rules agreed by the top 20 economies (G20) to put an end to the "too big to fail" syndrome, so banks can be wound up without taxpayer money or the market meltdown seen when Lehman Brothers went bust nearly five years ago. Compared with a draft version put out to consultation, the FSB has given banks a bit more leeway, saying that hitting a trigger should not automatically require rescue action. The British Bankers' Association (BBA) had told the FSB that the word "trigger" implied the need for an automatic response. Instead, banks will have to say in advance what happens
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