Too-big-to-fail problem solved, claim leading industry figures

Big Data

US regulators have solved the too-big-to-fail problem, and the country could cope with the failure of a systemically important financial institution (Sifi) now without putting taxpayer money at risk, according to several leading industry figures. Their comments follow a consultation document issued by the Federal Deposit Insurance Corporation (FDIC) at the end of last year, which details how the resolution process introduced under Title II of the Dodd-Frank Act would likely work in practice.