CFO: Big Banks Not Ready to Stand on Own
CFO reported that new Senate legislation and a report from the inspector general of TARP address the unsolved problem of U.S. megabanks deemed “too big to fail” (TBTF).
The CFO article said the Senate bill proposes strict standards for bank capitalization to avoid another banking system breakdown and to limit the need for federal bailouts. This action came a day after TARP inspector general Christy Romero said banking regulators need to do more to end TBTF.
To read the full CFO article click here.