Dodd-Frank Doesn't Solve 'Too Big To Fail,' Regulators Say

Law360, New York (June 26, 2013, 4:06 PM EDT) -- Provisions of the Dodd-Frank Act designed to end taxpayer-funded bailouts of "too-big-to-fail" banks and other financial firms and reduce risks to the financial system are not adequate for their intended purposes and further tweaks are needed, banking regulators told lawmakers Wednesday.

Despite provisions in Dodd-Frank putting greater controls on large financial companies and creating a clearer liquidation process if they run into problems, designed to both help to lessen systemic risk and avoid taxpayer bailouts, the financial reform law as it stands doesn't eliminate those problems,...
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