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Bank resolution: Pre-empting the next crisis
Keywords:
Living wills of major banks in the U.S. submitted to the U.S. Federal Reserve and the FDIC under Dodd-Frank legislation
06/09/2010
Grouped Articles
Banks Are Pressed to Expand 'Living Wills'
Wall Street Journal 04/15/2013
Debating Dodd-Frank: Is 'Too Big to Fail' Gone?
Wall Street Journal 07/21/2011
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Financial Bill Would Create World Model, Volcker Says
New York Times 06/09/2010
Experts Grade the Financial Legislation
Wall Street Journal 07/16/2010
Wall Street Adapts to New Regulatory Regime
Wall Street Journal 07/22/2014
The Hoenig-Tarullo Rule to limit systemic risk at Too-Big-To Fail Banks in the U.S.
04/08/2014
The rule requires banks to lay aside additional capital to meet a 5% capital reserve requirements by 2018 to replace a prior 3% requirement. The rule comes with other changes that limit risk in the short term funding repo market and increase the capital required to offset credit default swap risk, two problems in the 2008 financial crisis. In an editorial in the WSJ following the crisis the Journal came out strongly in favor of much higher capital reserve requirements to limit banking risk to the U.S. and global economy. It was left to Fed Governor, Daniel Tarullo, and FDIC vice chairman, Thomas Hoenig, to persevere over many years to raise the capital reserve requirements as the most effective way to control risk taking activities at banks. Estimates show U.S. banks needing to raise an additional $68 billion by 2018, $20 billion at JP Morgan Chase.
Grouped Articles
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
Regulator Suggests End to Bank's Self-grading
New York Times 05/08/2014
Washington Strips New York Fed’s Power
Wall Street Journal 03/05/2015
Bank resolution: Pre-empting the next crisis
Economist 04/05/2015
Thomas Hoenig and other experts on the "too big to fail" banking crisis that hovers over the U.S. economy
09/23/2010
Former Fed Governor of the Kansas City Federal Reserve Bank for 20 years, Thomas Hoenig, has followed Fed policy over a long period. He has maintained throughout that government backing takes away an essential element in the safe and conservative practices of financial institutions by encouraging the taking of excessive risks. The only way to ensure their safety is for creditors to know they bear serious risks and for the systemically important financial insitutions to know that not following safe financial practices can put these institutions and management out of business.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre 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
BusinessWeek 09/23/2010
Wall Street Journal 05/01/2013
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
The U.S. Federal Reserve and 'living wills" of foreign banks
03/25/2015
Grouped Articles
U.S. Regulators Fault 3 Foreign Banks Over ‘Living Wills’
Wall Street Journal 03/25/2015
Bank resolution: Pre-empting the next crisis
Economist 04/05/2015
Washington Post 04/13/2016
Regulators Set to Reject Some Big Banks’ ‘Living Wills’
Wall Street Journal 04/13/2016
How Regulators Mess With Bankers’ Minds, and Why That’s Good
New York Times 04/14/2016
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
Weâre 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
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