Too Big to Fail & Systemic Risk (Including Systemic Risk)

The Wall Street financial crisis and government intervention of 2008 affirmed that the nation’s largest megabanks are “too big to fail”—so big and interconnected that the government will not allow them to fail.

As ICBA details in its “End Too-Big-To-Fail” study, too-big-to-fail distorts free markets, incentivizes risky behavior, leaves taxpayers on the hook, and creates unfair competitive advantages for the largest banks. Meanwhile, community banks face oppressive regulatory burdens as a direct result of megabank misdeeds.

A less concentrated and more diverse financial system would decrease systemic risk, improve competition and innovation, and increase the availability of consumer credit. ICBA and the nation’s community banks are dedicated to ending too-big-to-fail.

Articles & Press Releases

Title Publication Date
Op-Ed: Community Banks Standing Up for Rural America NewsWatch Today Article 07/22/19
Feds Advance Capital Relief for Custodian Banks NewsWatch Today Article 04/19/19
ICBA: Community Banks Are the Megabank Alternative NewsWatch Today Article 04/11/19
Community Banks Are the Megabank Alternative Press Release, News 04/10/19
Agency Proposal Would Limit Impact of Megabank Failures NewsWatch Today Article 04/03/19
Megabanks Admit Ditching Local Communities NewsWatch Today Article 03/22/19
ICBA: Megabanks Admit to Ditching Local Communities Press Release, News 03/21/19
Agencies Holding Hearings on BB&T-SunTrust Merger NewsWatch Today Article 03/15/19
Waters Promises Bill Allowing Megabank Breakups NewsWatch Today Article 03/13/19
Romero Rainey: Another Wall Street Tall Tale NewsWatch Today Article 03/05/19
Agencies Planning Resolution Reform: McWilliams NewsWatch Today Article 11/29/18
Agencies Propose Revamped Oversight of Large Banks NewsWatch Today Article 11/01/18
ICBA Opposes Plan to Ease Capital Rules on Riskiest Megabanks Press Release 06/13/18
ICBA Supports Senate Community Bank Regulatory Relief Agreement Press Release 11/13/17
ICBA: Compliance Costs Exacerbate Industry Consolidation Press Release 10/23/17
ICBA Denounces Megabanker Claim of Too Many Banks Press Release 10/20/17
ICBA’s Cam Fine Reacts to Latest Wells Fargo Scandal News Press Release 09/06/17
ICBA Statement on Minneapolis Fed Plan to End Too-Big-To-Fail Press Release 11/16/16
ICBA: Hold Wall Street Bad Actors Personally Accountable Press Release 09/30/13
ICBA: Greatest Threat to Financial System is Too-Big-To-Fail Press Release 06/26/13

Letters to Congress

Title Recipient Date
Senators Crapo and Brown

Letters to Regulators

Title Recipient Date
Federal Reserve, OCC
Federal Reserve, OCC
Federal Reserve Bank of Minneapolis
OCC, Federal Reserve, and FDIC


Title Committee Presenter Date


Title Content Type Date