Systemic Risk and Resolution Issues
Witnesses testified on a proposed financial regulatory overhaul, focusing on systemic risk and resolution issues. They particularly discussed recent bank and… read more
Witnesses testified on a proposed financial regulatory overhaul, focusing on systemic risk and resolution issues. They particularly discussed recent bank and financial institution bailouts and the notion that a bank could be “too big to fail.” Mr. Volcker said that by designating some companies as critical to the broader financial system, the administration’s plans would create an expectation that those companies enjoy government backing in tough times. close
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