Bank Plans Fail To Reduce Systemic Risk

27 Jun 2013

None of the U.S. banks deemed systemically important have submitted plans that sufficiently reduce any potential risk to the financial system in the event they fail, according to Jim Wigand, the Federal Deposit Insurance Corp.’s director of the new Office of Complex Financial Institutions.

None of the U.S. banks deemed systemically important have submitted plans that sufficiently reduce any potential risk to the financial system in the event they fail, according to Jim Wigand, the Federal Deposit Insurance Corp.’s director of the new Office of Complex Financial Institutions.

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