Is US financial sector out of the woods yet?

With a new treasury report, the US House of Representatives may stop pushing for a change to the procedure for restructuring failed banks, but will it be enough, asks Mark Roe

A DECADE after the global financial crisis, policymakers worldwide are still assessing how best to prevent bank failures from tanking the economy again. Two recent publications — one from the US department of the treasury, and another by Federal Reserve economists — provide an indication of where we are.