Summary
WASHINGTON, Sept. 22, 2011 /PRNewswire/ -- In a keynote address at the American Banker Regulatory Symposium this week, M&T Bank Chairman and CEO Robert G. Wilmers said that the Dodd-Frank Wall Street Reform and Consumer Protection Act failed to address key causes of the recent financial crisis.
"One devoutly wishes to be able to say that this new law has done that which it was passed to do: prevent the recurrence of a financial crisis like the one we have experienced. I fear very much, however, that it will likely fall short," said Wilmers.See the full content of this document
Extract
Freddie and 'Too Big to Fail' Banks
Read Wilmers' entire speech on M&T Bank's website at http:// mtb.mediaroom.com/american_banker_symposium
"I am concerned that the actual law has neither resolved nor seriously addressed a number of significant problems implicated in the financial crisis," Wilmers explained. "In particular, I think of those posed by three major types of institutions and their activities: first, credi...See the full content of this document
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