US Congress amendment escalates ‘too big to fail’ row

WASHINGTON, DC – The political and regulatory debate about how firms that are ‘too big to fail’ should be treated escalated with the passage of an amendment in the US Congress that would enable banks to be broken up.

On November 18, the US House Financial Services Committee passed an amendment proposed by congressman Paul Kanjorski that would allow US federal regulators to break up financial firms that “are so large, interconnected or risky that their collapse would put at risk the entire US

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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