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Legislator, Industry Experts Question Interpretations Of ‘Systemically Risky’

The chairman of the House Financial Services Committee says he is concerned that the designation of non-banks as systemically important may have the unintended effect of making them viewed as “too big to fail.”

By Arthur D. Postal | Updated on April 15, 2011
Rep. Spencer Bachus, R-Ala. gestures during a news conference on Capitol Hill in Washington, Thursday, Dec. 10, 2009. (AP Photo/Haraz N. Ghanbari)

NU Online News Service, April 15, 11:53 a.m. EDT

The chairman of the House Financial Services Committee says he is concerned that the designation of non-banks as systemically important may have the unintended effect of making them viewed as “too big to fail.”

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