Relevant:
- Fed To Use Jacked-Up Capital Requirements To Make It Painful For Banks To Stay Big
- Fed governor Daniel Tarullo pushing for policy to rein in on bank size
- Tarullo Call for Fed Mortage-Debt Buying May Raise Odds of Further Easing
- Bill to Limit Too-Big-to-Fail Risk Is Readied in U.S. House
- Fed Governor's Plan to Limit Bank Size Fuels Debate
2012-10-11 — slate.com
``Daniel Tarullo's push for smaller banks is a telling sign of just how weak the landmark legislation's foundations have become. The man responsible for overseeing financial stress tests and the central bank's point person on regulatory matters embraced on Wednesday an old idea to shrink giant banks by limiting their non-deposit liabilities to a certain percentage of U.S. GDP. It's a simple yet blunt safeguard that would allow lenders to grow with the economy without endangering themselves or the rest of the financial system by becoming too large.
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