[NYTimes] New Financial Rules Could Allow China’s Smaller Banks to Fail. That’s a Good Thing
[...] China’s too-big-to-fail banking rules are heading in the right direction.
Chinese regulators published new guidelines on Tuesday for supervising the nation’s financial institutions. Of course, Beijing owns most big lenders, and failures are almost unheard-of. But the very act of indicating which ones should be saved in a disaster means that others may be allowed to fail: That’s a step toward liberalizing a nearly $40 trillion banking industry. [...]
By Christopher Beddor
[Fed News] Financial Stability Report
This report summarizes the Federal Reserve Board’s framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’s views on this topic.