Financial Reform Still Needs Improvements, Fed Gov. Says

Law360, New York (May 3, 2013, 6:54 PM EDT) -- Stricter regulatory controls on wholesale funding and securities lending markets, as well as stronger capital requirements for larger banks, may be needed to address continuing financial industry vulnerabilities such as the "too-big-to-fail" issue, a top Federal Reserve official said Friday.

While many measures designed to address systemic risk across the financial sector have already been implemented or begun to be implemented since the 2008 financial crisis, more controls are still needed, Federal Reserve Board Gov. Daniel Tarullo said in a speech at the Peterson Institute for International...
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