Cornell Law Review

Article

Too Big to Supervise: The Rise of Financial Conglomerates and the Decline of Discretionary Oversight in Banking

Lev Menand

The authority of government officials to define and elimi- nate “unsafe and unsound” banking practices is one of the oldest and broadest powers in U.S. banking law. But this authority has been neglected in the recent literature, in part because of a movement in the 1990s to convert many supervisory judgments about “safety and soundness”…

Sep 2018