G20 Advised Not To Break Up Big Banks News Wireupdated May 24, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. (RTTNews) - Leading G20 countries should not be looking to break-up large financial institutions, restrict their activities, or impose special taxes or capital requirements, as part of reforms to prevent a repeat of the financial crisis, a leading bank lobby group has said.The Institute of International Finance said the size of a bank alone is not a determinant of systemic risk."Large global financial services firms bring enormous benefits to the international economy and these could well be lost if regulatory bodies focus excessively on limiting the scale or scope of these firms," said Charles Dallara, IIF managing director.The IIF also said G20 lawmakers should set up a taskforce to watch over cross-border banks and that mechanisms for handling of failing banks must be harmonized globally.The lobby said shareholders and unsecured, unprotected creditors should me made to bear the greater share of losses before taxpayer money is used to bailout trouble-hit banks.For comments and feedback: contact email@example.com Copyright(c) 2010 RTTNews.com, Inc. All Rights ReservedEditorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.