Fed heavyweights warn new bank resolution laws won't end ‘too big to fail'

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William Dudley, Jeffrey Lacker and Daniel Tarullo set out their views on regulation of banks deemed ‘too big to fail' on Friday, heralding the Dodd-Frank Act's framework for resolving large lenders as a "model resolution regime for the international community" but still "no panacea" against the impact of another Lehman-like collapse in the future.

Speaking at a Federal Reserve Bank of Richmond conference in Washington, DC, Fed governor Tarullo, New York Fed president Dudley, and Richmond Fed pre

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