NEW YORK ( The Deal) -- The biggest U.S. banks would not be broken up if Federal Reserve Governor Janet Yellen takes over as the head of the central bank.
However, if Yellen were to take over the reins at the central bank, as many Fed watchers expect, she would take further steps in an effort to end the perception that large financial institutions are "too big to fail," a situation that she acknowledges still exists.
Under her oversight that effort will likely come in the form of tough capital and leverage regulations on big banks, as her recent speeches demonstrate. She is expected to back the chock-full agenda recently laid out by the Fed's chief bank regulator, Fed Governor Daniel Tarullo.
"You've seen the Fed pursue strict counterparty credit limitations, higher capital requirements for big global banks and other major financial firms
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