Break Up The Big Banks? Seven Reasons Why That's A Bad Idea
Break Up The Big Banks? Seven Reasons Why That's A Bad Idea
In recent months, many politicians and policymakers have grown more aggressively vocal in their call to break up large and systemically important U.S. banks as a further measure toward preventing another global financial crisis. We suggest they reconsider for several reasons.
- Regulations are already helping. Since the crisis in 2008–2009, we have seen a wave of improvements in bank regulation and supervision, from the application of Basel III enhanced capital and liquidity requirements to much of the Dodd-Frank . . .
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