ICBA - Too Big To Fail
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Systemic Risk

  • Another Day, Another Fine?
    • While the banking industry and the rest of the nation looks back at the five years since the Lehman Brothers collapse, it should be focused on what remains to be done to prevent another crisis, ICBA President and CEO Cam Fine wrote in a blog post.
  • Surprise, They’re At It Again
    • There is no lack of evidence that the too-big-to-fail financial firms pose fundamental risks to our global financial system, ICBA President and CEO Cam Fine wrote in a blog post. No wonder lawmakers are pushing the TBTF Act (S. 798) to implement higher capital levels on the largest megabanks to address their too-big-to-fail market distortions and to ensure they can pay off their own debts if they go bust.
  • ICBA to Congress: Too-Big-To-Fail Greatest Threat to Financial System
    • PDF: ICBA submitted a statement for the record during the “Who is Too Big to Fail? GAO’s Assessment of the Financial Stability Oversight Council and the Office of Financial Research.” The statement explains the association’s commitment to end the problem of too-big-to-fail banks and help advance the provisions of the Plan for Prosperity.
  • ICBA’s Jorde: Wall Street Keeps Spinning
    • Terry Jorde, ICBA’s senior executive vice president and chief of staff, is a guest blogger on Finer Points to discuss what too-big-to-fail financial firms are trying to say to divert attention.
  • ICBA: Senate Report Shows Continued Threat of Too-Big-To-Fail — Report Finds Insured Deposits Used in JPMorgan ‘London Whale’ Loss
    • Bill Loving, ICBA chairman and president and CEO of Pendleton Community Bank in Franklin, W.Va., and ICBA President and CEO Cam Fine issued a statement following the Senate Permanent Subcommittee on Investigations report that JPMorgan Chase used federally insured deposits for high-risk trades that resulted in hundreds of millions of dollars in losses it hid from regulators and taxpayers.
  • Wall Street, You Need Help
    • If the first step in recovery is admitting that you have a problem, then Wall Street might need an intervention to wean itself from the too-big-to-fail problem.
  • Too-Big-To-Fail is NO Laughing Matter
    • In a post on his blog, Finer Points, ICBA President and CEO Cam Fine explained that the issue of too-big-to-fail is no laughing matter. He discusses a speech that JPMorgan Chase CEO Jamie Dimon gave in Miami, Fla., that got some laughs with the understated acknowledgement that big banks have made some mistakes.
  • It’s Not the Trade, It’s Too-Big-To-Fail
    • In a June 2012 blog post, ICBA President and CEO Cam Fine discusses the multi-billion dollar loss that JPMorgan Chase had and how it relates back to too-big-to-fail institutions.
  • The Big Danger With Big Banks
    • Tom Frost writes in a May 2012 Wall Street Journal article that taxpayer safety nets such as the FDIC should be available only to banks that are in the loan business, not those in the investment business.
  • JPMorgan Trading Loss, Community Banks, Regulation
    • VIDEO: On May 11, 2012, ICBA President and CEO Cam Fine speaks on Bloomberg about the possible impact of JPMorgan Chase’s multi-billion trading loss on community banks and regulation of the financial industry.
  • Stop Treating The Symptoms, Cure 'Too Big To Fail' Disease
    • In an April 2012 op-ed, ICBA President and CEO Cam Fine wrote about the disease of the policy of too-big-to-fail. He explains that Alan Greenspan, a former Fed Chairman, testified that banking regulators should consider breaking up financial institutions considered “too big to fail.”
  • Break Up the Megabanks? We Could Do a Lot Worse
    • In an April 2012 American Banker op-ed, ICBA President and CEO Cam Fine explains that by downsizing too-big-to-fail institutions and the risks they pose to the financial system couldn’t be worse than taxpayers spending trillions of dollars propping up certain firms. Fine goes on to explain that people need to work to restore balance and truly free markets to the United States’ economy.
  • Fines, Penalties and Settlements—Oh My!
    • ICBA President and CEO Cam Fine writes in a December 2011 post on Finer Points, of all the penalties and fines too-big-to-fail banks received.
  • New Report Sheds Light on Wall Street Inequity
    • In a November 2011 Finer Points blog post, ICBA President and CEO Cam Fine discusses a report from Bloomberg Markets Magazine on the financial assistance provided by federal regulators to the nation’s largest and riskiest financial institutions at the height of the financial crisis.
  • Is this Justice?
    • ICBA President and CEO Cam Fine wrote in November 2011 a blog post on Finer Points about a New York Times article that exposed the double standards in regard to enforcement actions between community banks and too-big-to-fail institutions.

Market Impact
Too Big to Jail
Taxpayer Exposure

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