Simon Johnson — MIT professor, former chief economist of the International Monetary Fund, and presenter at the upcoming Fourth Annual CFA Institute European Investment Conference — was interviewed by Zero Hedge recently to talk about financial institutions that are “too big to fail” and whether the U.S. Dodd–Frank legislation has done anything to fix the problems that they pose.
According to Professor Johnson, “We’re in a framework where the biggest banks, JPMorgan, Citi, Bank of America are too big to fail. You can’t handle them within the existing resolution framework.”
You can read the entire interview at Zero Hedge to learn more about Professor Johnson’s thoughts on which companies should be considered too big to fail, how big they have to be, and whether Europe is ready for shocks to its financial system.
You can also see Professor Johnson at the European Investment Conference and attend his session, The Next Financial Crisis.
