Security guards stand watch outside the JP Morgan Chase & Co annual shareholders meeting in Tampa, Florida. (REUTERS/Steve Nesius)
U.S. Financial Market Regulation
May 16, 2012, Douglas J. Elliott
Testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Douglas Elliott describes the systemically important financial institution designation, which could be seen as an implicit government seal of approval, and argues that there is no market advantage in receiving it.
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