The world's biggest banks still can't be wound down in anorderly manner nearly eight years after the financial crisis, theFinancial Stability Board (FSB) said, calling for renewed effortsto tackle the risks posed by too-big-to-fail firms.

"Challenges remain in a number of important areas where we need to undertake renewed efforts during the remainder of the year to complete the job of ending 'too big to fail.'" --Andrew Gracie, Financial Stability BoardTheFSB, led by Bank of England Governor Mark Carney, said in a reporton Thursday that while significant progress has been made, firmsand regulators need to better assess liquidity needs for lenders inresolution and to determine how creditors can share losses andreplenish a failing bank's capital.

“Challenges remain in a number of important areas where we needto undertake renewed efforts during the remainder of the year andin 2017 to complete the job of ending 'too-big-to-fail,”' AndrewGracie, chair of the FSB's cross-border crisis management group forbanks and executive director for resolution at the BOE, said in astatement.

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