Resolving Systemically Important Entities

Mark Calabria

Chapter 24 in The New International Financial System:Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 529-546 from World Scientific Publishing Co. Pte. Ltd.

Abstract: There was perhaps no issue of greater importance to the financial regulatory reforms of 2010 than the resolution, without taxpayer assistance, of large financial institutions. The rescue of firms such as AIG shocked the public conscience and provided the political force behind the passage of the Dodd–Frank Act. Such is reflected in the fact that Titles I and II of Dodd–Frank relate to the identification and resolution of large financial entities. How the tools established in Titles I and II are implemented are paramount to the success of Dodd–Frank. This chapter attempts to gauge the likely success of these tools via the lens of similar tools created for the resolution of the housing government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac…

Keywords: Financial Stability; Systemic Risk; Financial Regulation; Too-Big-to-Fail; Regulatory Burden; Financial Institutions (search for similar items in EconPapers)
Date: 2015
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