The New York Times: At first glance, two events this week suggest that federal regulators are losing ground against “too big to fail” financial institutions.
The 2008 financial crisis revealed that both banks and financial firms that were not banks — like the American International Group — could pose a devastating risk to the financial system and the wider economy. Congress’s primary response came in 2010 with the passage of the Dodd-Frank reform law, a sweeping bill that gave regulators broad powers, including a powerful new tool. They could identify nonbanks that were “systemically important,” and then subject them to stricter regulation.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now