Publication: New York Times
Author: Gretchen Morgenson
1/5/2014 – Regulators made some real progress last year attacking the risks of too-big-to-fail banks. The Volcker Rule and other Dodd-Frank reforms were completed, and, perhaps even more important, three big regulators devised a proposal for tougher capital rules intended to ensure that banks would never require a government bailout when their risky bets went bad.
But action on that last crucial bit of business has ground to a halt. Officials at the Federal Deposit Insurance Corporation had hoped that the rule they proposed last July along with the Federal Reserve Board and the Comptroller of the Currency would be set in stone by the end of the year. It was not.
Read the full article, A Roadblock to Brawny Bank Reform, on the the New York Times website.