American Banker
March 12, 2013
Thomas Hoenig of the Federal Deposit Insurance Corp. recently highlighted a number of key items left in regulators’ agenda to end “too big to fail.”
Speaking at the National Association for Business Economics conference in Arlington, Va., Vice Chairman Hoenig particularly emphasized that one of the biggest challenges before regulators is “to assure that the largest, most complicated banks can be resolved through bankruptcy in an orderly fashion and without public aid.” Compelling banks to be transparent about their financial derivatives portfolios would go a long way in helping the FDIC and the Federal Reserve achieve this mandate…Read More