Bill to Limit Too-Big-to-Fail Risk Is Readied in U.S. House
This article is for subscribers only.
U.S. Representative John Campbell said he plans to offer legislation intended to shrink too-big-to-fail banks by requiring them to hold more capital including long-term debt.
Lawmakers and regulators from both parties -- including Federal Reserve Governor Daniel Tarullo -- argue that the 2010 Dodd-Frank Act failed to curb the growth of large banks and express support for renewed efforts to limit the kind of systemic risk that fueled the 2008 financial crisis.