A leaked report from the IMF (Internatioal Monetary Fund) has proposed two new global taxes should be levied on financial institutions to pay for possible future financial crises.
A Financial Stability Contribution, would be used to create a fund to help pay for any future government support. The second tax, called a Financial Activities Tax or FAT, would be levied on pay and be based on both the profits and remuneration of financial institutions.
The IMF prpposes that the Financial Stability Contribution should be applied on bank balance sheets, specifically their liabilities, to stop banks becoming "too big to fail". Each country should aim to raise between 2% to 4% of gross domestic product over the long term.