US bank regulation – Winners and losers of new finance law
Will this Gramm-Leach-Bliley legislation result in more “too big to fail” or “too big to disappear” institutions? If so, how should regulators respond?
I tend to be very skeptical about “too big to fail” arguments. I personally don’t believe that any institution ought to be viewed as too big to fail. You need to understand that what’s generally meant by “too big to fail”, at least in the context of domestic depositary institutions, is that uninsured creditors of a failed bank will not be wiped out.
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