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Newsletter December 2012: Big banks could be broken up, if other moves fail

Simon Turmaine | December 12, 2012

NEW YORK – It may yet become necessary to break up financial firms deemed too-big-to-fail (TBTF) if the present attempts to find a better way to deal with them are unsuccessful. But it is premature to give up on the current approach: changing the incentives facing large and complex firms, forcing them to become more resilient, and making the financial system more robust to their failure.

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