FSA’s Huertas says ending ‘too big to fail’ is the top regulatory issue

Governments are damned if they bail out ‘too big to fail' firms and damned if they don't support them, but the market expects them to, according to Tom Huertas, banking director at the UK Financial Services Authority (FSA).

Huertas outlined his suggestions, focusing on regulation and resolution, for ending the ‘catch 22' situation at a briefing held in London yesterday by the Centre for the Study of Financial Innovation (CSFI).

He said it is necessary to regulate for firms to improve the quality

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