•  Indeed, this would be in line with the original aim of addressing the “too-big-to-fail” problem. Larger banks would have to pay the price for their size, consistently with the higher systemic risk they pose in the event of failure and in line with other strands of the regulatory framework, such as the capital requirements, which are more stringent for larger banks.
•  With regard to the risk of moral hazard that the different treatment of smaller banks could generate, the argument that uninsured depositors or senior bondholders should participate in absorbing losses in order to fend off this risk seems a feeble one.