Too-big-to-fail problem solved, claim leading industry figures
FDIC's single-point-of-entry method applauded but concerns still linger
US regulators have solved the too-big-to-fail problem, and the country could cope with the failure of a systemically important financial institution (Sifi) now without putting taxpayer money at risk, according to several leading industry figures.
Their comments follow a consultation document issued by the Federal Deposit Insurance Corporation (FDIC) at the end of last year, which details how the resolution process introduced under Title II of the Dodd-Frank Act would likely work in practice.
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