Fed officials say they will act on big banks if needed

05/15/2013 | AmericanBanker.com (subscription required)

Federal Reserve Chairman Ben Bernanke is advocating for waiting to see what comes of current reform efforts and then increasing capital standards if "too big to fail" persists. Fed officials are also pushing back against legislative efforts to enforce higher standards, saying bills such as the recently introduced Brown-Vitter are redundant with the Fed's authority on the matter.

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