Fed Governor’s Plan to Limit Bank Size Fuels Debate
By PETER EAVIShttp://dealbook.nytimes.com/
Daniel Tarullo of the Federal Reserve has suggested a simple tool that could be applied to individual institutions.
Now, a powerful insider has suggested a simple tool that could place a tight limit on the size of individual banks. Daniel K. Tarullo, a Federal Reserve governor who oversees bank regulation, said in a speech last week that an important part of a bank’s balance sheet could be capped at a set percentage of the nation’s gross domestic product.
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