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.

He said it had been "totally unfair" for taxpayers to bail out banks after the financial crisis of 2008 and 2009.

"The banks and their shareholders and their creditors got the benefit when things went well," he told the BBC.

"But when they went wrong the British public and subsequent generations picked up the bill - and that's going to end".

http://www.bbc.com/news/business-29982181 

I doubt that these will be implemented in the US. Our government is too much in the pocket of the banks. 🌫

And our money isn't there.

I wouldn't bet the house on that with globalization of banking and industry "our money" or our mortgages could be controlled by any of these big banks (i.e. RBS, Citi, Chase, Bank America, etc...)

These are currently only proposed global regulations. These need to be put in place so that "We the People" don't end up bailing out these corporations when they have already taken the money and ran before their bad business decisions could catch up with them.