Regulators converge on treatment of firms deemed too big to fail

Financial institutions considered too big, complex and interconnected to fail should not be broken up or forced to downsize, but should be subjected to more stringent capital and liquidity requirements, according to US, UK and Swiss regulators.

Speaking at a London School of Economics Conference, Too big to fail, too interconnected to fail?, on the anniversary of the collapse of US investment bank Lehman Brothers, senior representatives of the Federal Reserve Bank of New York, the UK Financial

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