Speech

Ending 'Too Big to Fail': a proposal for reform before it's too late (with reference to Patrick Henry, complexity and reality)

Abstract: Remarks before the Committee for the Republic, Washington, D.C., January 16, 2013 ; \"The Dallas Fed?s proposal offers an 'about-turn' and a way to mend the flaws in Dodd?Frank.... In a nutshell, we recommend that TBTF financial institutions be restructured into multiple business entities. Only the resulting downsized commercial banking operations?and not shadow banking affiliates or the parent company?would benefit from the safety net of federal deposit insurance and access to the Federal Reserve?s discount window.\"

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2013

Number: 127