Too safe to fail: Requiring big banks to build cash reserves can prevent future failures

Authors

Cornelius K. Hurley, Boston University School of LawFollow
William M. Isaac

Document Type

Editorial

Publication Date

3-3-2011

Language

en-US

Abstract

The finance ministers of the Group of 20, meeting in Paris last weekend, signaled their intention to address the issue of too-big-to-fail (TBTF) financial firms at their next meeting. The Paris communique calls for “higher loss absorbency measures” and “levies” on systemically important financial institutions.

Recommended Citation

Cornelius K. Hurley & William M. Isaac, Too safe to fail: Requiring big banks to build cash reserves can prevent future failures , in Washington Times (2011).
Available at: https://scholarship.law.bu.edu/shorter_works/156

Publisher URL

https://www.washingtontimes.com/news/2011/mar/3/too-safe-to-fail/