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Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold

Wall Street Journal Original article ›

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Daniel Tarullo, Kenneth Gibson, Timothy Clark, of the Large Institution Supervision Coordination Committee at the U.S. Federal Reserve- guardians for a safer U.S. financial system

03/05/2015

Hilsenrath provides this illuminating account of how Daniel Tarullo has led the effort to build a safer U.S. financial system since the financial crisis of 2008. Tarullo was placed in charge of the LISCC as the focal point of bank supervision by Fed chairman Ben Bernanke. Under Janet Yellen the New York Fed bank supervisors now report to Tarullo directly and the Federal Reserve sets the rules for bank safety, as the New York Fed's Dudley was seen as not effective in bank supervision. Tarullo has pointed out out that he was getting tired of cleaning up the mess left by other bank supervision agencies. Kenneth Gibson and his deputy Timothy Clark, assist Tarullo in running the LISCC in conducting stress tests and setting rules for bank supervision. The trio may be some of the most unsung heroes who helped clear the mess left from ineffective bank supervision from the pre 2008 period. Sheila Bair former head of the FDIC and Tarullo provided a remarkable service to the nation in this critical period of putting the nation back on its feet after the errors leading to the financial crisis of 2008.

Grouped Articles

Washington Strips New York Fed’s Power

Wall Street Journal 03/05/2015

Banks Bend, Don’t Break Under Fed Stress

Wall Street Journal 03/06/2015

Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold

Wall Street Journal 03/20/2015

Fed’s Yellen: Stock Valuations ‘Generally Are Quite High’

Wall Street Journal 05/07/2015

Janet Yellen and Fed Predecessors Find Common Ground Onstage

New York Times 04/07/2016

Yellen Warns Against Erasing Regulations Made After Financial Crisis

The New York Times 08/25/2017

The U.S. Federal Reserve's Daniel Tarullo on "too-big-to-fail" and systemically important financial institutions- 2012-2015

06/16/2011

Grouped Articles

Debating Dodd-Frank: Is 'Too Big to Fail' Gone?

Wall Street Journal 07/21/2011

GE Capital, AIG to Get More Government Oversight

Wall Street Journal 07/09/2013

The Power Behind the Throne at the Federal Reserve

New York Times 07/31/2013

Fed Boosts Pressure on Banks Over Capital Levels

Wall Street Journal 08/20/2013

We’re All Still Hostages to the Big Banks

New York Times 08/25/2013

Soothing Words on 'Too Big to Fail' But With Little Meaning

New York Times 12/11/2013

Efforts to renegotiate the $50 billion threshhold for "systemically important financial institutions" set under the U.S. Dodd-Frank law

03/20/2015

Some members of Congress are working to change the $50 billion threshhold for "systemically important" set under Dodd-Frank legislation, so that medium size banks are not restricted in the way larger banks are.

Grouped Articles

Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold

Wall Street Journal 03/20/2015


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