In an op-ed piece published in the St. LouisPost-Dispatch April 10, NCUA Chairman Debbie Matz laid out her reasons for keeping big banks in theircurrent form, noting these reasons are spelled out in theDodd-Frank Act.
Matz wrote that breaking up big banks is not the right answer,given the current economic climate. Breaking up big banks puts theprogress made by the Financial Stability Oversight Council andother federal regulators at risk, she argued.
Through the Dodd-Frank Act, regulators were given new powers tomonitor the health of financial institutions, she said. Thosepowers aimed to reduce threats to the financial system by raisingcapital requirements for big banks, as well as restricting certainhigh-risk practices and unwinding failing institutions.
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