Tarullo Says Too Soon to Declare Too-Big-to-Fail Is Over
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Federal Reserve Governor Daniel Tarullo rejected the notion that regulators have completed their work to ensure that no financial firm is too essential to be allowed to collapse.
“I don’t know that I personally at least would declare too-big-to-fail ended,” Tarullo said at a conference held by the Institute of International Finance in Washington today. “In fact, I know I would not.”