Regulators have addressed many issues but "too big to fail" has actually gotten worse, says Michael Farr.
No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney General Eric Holder said.
Regulators are looking at Warren Buffett's Berkshire Hathaway to see if its failure would threaten financial stability, according to Bloomberg.
Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.
The list of nine too-big-to-fail insurers was published late Friday by the Financial Stability Board, the Basel, Switzerland-based body set up by the Group of 20 nations.
Goldman Sachs says that the commonly held view that TBTF banks can borrow cheaply used to be a little bit correct, became very correct during the financial crisis, and now is totally incorrect.
U.K. banks are still lending too little to the real economy, according to Andrew Haldane, the BoE's executive director for financial stability, and combating a "too big to fail" mentality is still unfinished business.
Apparently the unanimous vote in Washington is not extinct.
Calls to break up the nation's major banks do not solve the risk problems at the heart of the 2008 financial crisis, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.