Deterring Financial Crime Reconciling and Improving Upon the Diverging Approaches of U.S. Antitrust and Financial Regulation

Gordon Schnell, Mar 19, 2013

As they appeared before the U.S. Senate Banking Committee last month, financial regulators seemed more than a bit discomfited when asked about the last time they took a big bank to trial. It was a rhetorical question more than anything. And the media played it up as another example of what some see as the government’s “too-big-to-fail” approach to regulating the banking sector. In fact, there was more to it than that. The Committee’s not-so-su