Banking Regulatory Reform : The Too Big to Fail and What Still Needs to Be Done

It has been now about four years since the eruption of the Financial Crisis of 2007, and major reforms of the banking system have been achieved in the U.S. with the enactment of the Frank-Dodd Act in 2010, and several legislative initiatives under way in the EU that are planned to be completed by the end of 2012. Much has been achieved, but there are still areas that need further refinement and operationalization, and other areas that have not yet been addressed at all. The paper focus on the problem of the too big to fail addressed by the Vickers Commission and its benefits and limitations