WASHINGTON–The largest and most complex global banks should face higher capital and liquidity requirements if regulators want to eliminate the "too big to fail" problem, in part because a central cause of the 2008 financial crisis–vulnerabilities in short-term funding markets–remains largely unaddressed, Federal Reserve Gov. Daniel Tarullo said Friday.
Mr. Tarullo, the Fed's point man on financial regulation, offered a range of policy prescriptions to address regulatory gaps that persist despite the 2010 Dodd-Frank financial overhaul law, ... more...