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Speeches & Testimony

Statement by Chairman Martin J. Gruenberg on the Federal Reserve's Final Rule on Long-Term Debt

December 15, 2016

As I have said previously, the Federal Reserve's long-term debt rule is an important step in the effort to ensure that large, systemically important banking organizations can fail in an orderly way without taxpayer support. The long-term debt requirement will help ensure that capital resources from private creditors will be available to facilitate this process.