The Lingering Issue of 'Too Big to Fail' Banks and Its Implications for the Public.
TL;DR Summary
Recent bank failures have exposed the shortcomings of post-2008 regulatory reforms aimed at preventing bank bailouts. Governments have had to step in to prevent the recent turmoil in the banking sector from escalating into a full-blown crisis, laying bare the huge risks that bank failures still pose to taxpayers and the wider financial system. The recent failures have some lawmakers and regulators arguing that banking regulation needs to be tightened, with some suggesting that banks should fund themselves with more equity and undergo tougher tests to establish their ability to withstand losses in various adverse scenarios.
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