Regulators grapple with approach to a collapse of a major bank

10/27/2009 | Wall Street Journal, The

The demise of Lehman Brothers Holdings more than a year ago has forced global policymakers to consider how they would deal with the collapse of another major financial institution. Regulators are assigning the 25 most complex global banks to a crisis-management team that is charged with developing contingency plans if the banks face overwhelming challenges. Such efforts face significant hurdles, however, including "fundamental concerns about sovereignty," according to Harvey Pitt, a former chairman of the Securities and Exchange Commission.

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Wall Street Journal, The

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