The banking industry, and the largest banking firms in particular, face far less liquidity risk than before the crisis. And progress in resolution planning by the largest firms has reduced the threat that their failure would pose. These efforts have made U.S. banking firms both more robust and more resolvable.
Peter Praet: Steering the economy in a challenging environment Speech by Mr Peter Praet, Member of the Executive Board of the European Central Bank, at the 16th Euro Finance Week, Frankfurt am Main, 19 November 2013.