Minneapolis Fed to explore resolution alternatives in TBTF initiative
The Federal Reserve Bank of Minneapolis will consider alternative resolution mechanisms in its quest for a solution to the "too-big-to-fail" problem, president Neel Kashkari said on April 18.
Kashkari introduced the initiative shortly after joining the Minneapolis Fed, arguing the largest US banks still posed a "significant, ongoing risk" to the economy. He initially put forward three options for consideration: breaking them up, substantially increasing capital requirements, and taxing leverage
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