Fed: Once Dodd-Frank Fully Implemented No More Too Big To Fail

Daniel Tarullo, a member of the Federal Reserve Board, spoke earlier today at the Fed Conference in Washington DC about the progress that has been made in developing a special resolution mechanism for large financial institutions. Nearly five years since the Troubled Asset Relief Program (TARP) first got started, he says the development of the special mechanism is one of the unheralded accomplishments of the post-crisis regulatory environment, even though it is still a work in progress. Fed’s program key features The Orderly Liquidation Authority in Title II of the Dodd-Frank Act gave the outline for the special resolution mechanism,…