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


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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