Recap: New Report Points the Way Toward the End of Too-Big-to-Fail
After the financial crisis and government bailouts of 2008 everyone vowed ‘never again.’ The passage of the Dodd- Frank Act in 2010 was hailed by its supporters as ending ‘too-big-to-fail’. Yet many on both sides of the aisle remain skeptical that this has been accomplished.
The Bipartisan Policy Center (BPC) Financial Regulatory Reform Initiative’s Failure Resolution Working Group unveiled a new report that analyzes and makes recommendations on how the Dodd-Frank Act is tackling the ‘too-big-to-fail’ problem. This report specifically examines how the financial regulators are implementing the authority granted to them in Dodd-Frank to ensure that any financial institution can be made ‘to fail’ without creating or exacerbating a financial panic. This report critically reviews how Dodd-Frank addressed or failed to address the ‘to fail’ problem. This is the first in a series of papers the initiative will release in the coming months.
Read the press release here.
Panel discussion featuring
John F. Bovenzi
Partner, Oliver Wyman
Randall D. Guynn
Partner, Davis Polk & Wardwell LLP
Thomas H. Jackson
Distinguished University Professor, University of Rochester
Moderated by
Phillip L. Swagel
Professor, University of Maryland School of Public Policy
Co-chair, BPC’s Financial Regulatory Reform Initiative
Follow @pswagel
Report
Too Big to Fail: The Path to a Solution
Press Release
New Bipartisan Policy Center Report Finds Progress Being Made to Solve Too-Big-To-Fail