Rodge Cohen Quoted in American Banker Article

March 8, 2016

On March 8, American Banker quoted Mr. Cohen in an article titled “Are Big Banks Necessary?” The article examined whether there is a “legitimate, coherent business case to be made for the largest and most complex banks to stay large and complex.” Mr. Cohen noted that the global systemically important banks, or G-SIBs, actually provide financial stability because they are able to acquire failing institutions, preventing the widespread economic shockwaves that would result if these financial institutions were forced to enter bankruptcy. “A very important role that the big banks play is, in effect, the buyer of last resort when we have real fissures in the banking system,” Mr. Cohen said. “Time and time again, they have provided support when there have been weaknesses in the banking system.”