Bank of Minneapolis president Neel Kashkari has said that
large US banks remain too-big-to-fail (TBTF), while also
slamming the US total loss absorbing capacity (TLAC) plan.
Counsel, however, say there’s been progress on
TBTF and that it’s too early to fully assess
Kashkari was speaking at the third Ending Too Big to
Fail symposium at the Peterson
Institute in Washington DC on June 20. In his remarks, he
stated current reform efforts on TBTF are heading in the right
direction, as evidenced by higher capital and liquidity
requirements. But Kashkari also said he did not think such
measures go far enough.
"As a result, we are working on a plan to end TBTF,"
Neel Kashkari, Minneapolis Fed In his
remarks, Kashkari reiterated his now infamous call for
significant US bank structural reform. He insisted that US
banks remain TBTF, indicated he thinks the political...