Fed Gov.'s Plan To Cap Bank Size Lends Weight To Reform Push

Law360, New York (October 11, 2012, 7:36 PM EDT) -- The regulatory reform point man of the Federal Reserve has pled for Congress to cap the size of U.S. banks, aligning the central bank with a growing consensus that the Dodd-Frank Act didn't go far enough and giving new ammunition to lawmakers and regulators championing even tougher restrictions for the financial industry.

In a wide-ranging speech focusing on financial stability Wednesday at the University of Pennsylvania Law School, Fed Reserve Gov. Daniel Tarullo said that regulators should be able to set a cap on how large...
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