The US Treasury set out for the first time on Friday a basic framework it uses to evaluate whether a troubled financial institution is systemically important enough to justify emergency aid.The criteria were contained in reports to Congress under the Emergency Economic Stabilisation Act, which created the $700bn bail-out fund. The criteria were disclosed amid pent-up demand from investors for greater transparency and predictability on the approach to financial rescues.
The criteria were contained in reports to Congress under the Emergency Economic Stabilisation Act, which created the $700bn bail-out fund. The criteria were disclosed amid pent-up demand from investors for greater transparency and predictability on the approach to financial rescues.
