Too-big-to-fail banks mostly a thing of the past, say regulators
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LONDON (Reuters) - Reforms to the global financial system following the banking crisis a decade ago have cut the risk of taxpayers having to rescue lenders again but some gaps still need plugging, the Financial Stability Board (FSB) said on Sunday. After the crisis the FSB, which coordinates regulation for the Group of 20 rich and emerging economies (G20), introduced rules that require the world's biggest banks like Goldman Sachs, HSBC and Deutsche Bank, to issue special debt that can be written..