Central view: on the \\"too big to fail\\" debate: implications of the Dodd-Frank Act

Julie L. Stackhouse

Central Banker, 2013, issue Summer

Abstract: It is common knowledge that the banking industry has become increasingly consolidated over the past 25 years. In 1990, prior to a number of banking law changes, the nation housed around 12,500 charters. Today, there are roughly 6,000 charters, with consolidated assets of the top 10 U.S. banking firms representing approximately 64 percent of U.S. banking assets. Without question, operations of these large firms magnified the financial crisis, emphasizing their systemic importance. The resulting landmark legislation?the Dodd-Frank Act?is intended to reduce systemic risk and, ultimately, end ?too big to fail.?

Keywords: Regulatory reform; Financial Regulatory Reform (Dodd-Frank Act); Bank failures (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://fraser.stlouisfed.org/title/6284/item/603119?start_page=2 Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlcb:y:2013:i:summer:x:1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Central Banker from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().