NY Fed's Dudley says Sifis must build firmer foundations

Bank of America Tower in New York

William Dudley, president of the Federal Reserve Bank of New York, said today he is "not yet convinced that breaking up large, complex firms" is the right way to solve the problem of ‘too big to fail' – arguing instead in favour of putting more effort into lowering the probability that systemic financial institutions fail.

He said there are three routes to tackling ‘too big to fail': building a credible resolution regime and more resilience in the financial system, so that large complex firms

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account