Dodd-Frank Needs Time To End 'Too Big To Fail': Fed Gov.

Law360, New York (April 17, 2013, 4:52 PM EDT) -- A Federal Reserve governor on Wednesday said the Dodd-Frank Act gave regulators tools that could potentially end the problem of so-called too big to fail financial institutions, and increased surcharges should be applied to the largest banks if those tools prove to be insufficient.

In a speech at an International Monetary Fund conference, Federal Reserve Gov. Jeremy Stein said the combination of increased capital, liquidity and other requirements combined with the Federal Deposit Insurance Corp.'s orderly liquidation authority created by Dodd-Frank should be given time to...
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