Fed’s Dudley says too-big-to-fail issue unresolved

William C Dudley
Photo: © 2009 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org

William Dudley, president of the Federal Reserve Bank of New York, believes not enough has been done to reduce the systemic consequences of the failure of a large financial institution.

Speaking at a Clearing House conference in New York, Dudley said breaking up financial institutions deemed too-big-to-fail could yet be necessary, but it would be premature to abandon the current approach of shifting incentives and making the financial system more robust to failure.

Dudley said there are

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