The 10 largest U.S. banks’ share of the industry’s assets has increased to 60 percent in 2009 from 44 percent in 2000 and about 25 percent in 1990, Fisher said.
“The existing rules and oversight are not up to the acute regulatory challenge imposed by the biggest banks,” Fisher said. “Because of their deep and wide connections to other banks and financial institutions, a few really big banks can send tidal waves of troubles through the financial system if they falter.”
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