International financial authorities must give consideration to legal risks surrounding the potential winding up of global banks, Swiss Finance Minister Karin Keller-Sutter was quoted as saying on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller-Sutter was asked whether rules to deal with banks deemed "too big to fail" need to be standardised internationally so that such lenders can be wound up. Keller-Sutter said she was in contact about that with the Financial Stability Board, a body that monitors the global financial system, and other finance ministers, including Germany's Christian Lindner, who she is meeting in Berlin.
With summer almost here, SoCal will get a glimpse of what to expect this year as temperatures warm up the next few days.
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