Richard Fisher, the president of the Federal Reserve Bank of Dallas, demanded an end to the too-big-to-fail problem in a speech on January 16, and proposed an alternative remedy to the US Treasury safety net prescribed by the Dodd-Frank Act.

Fisher told an audience in Washington, DC, that too-big-to-fail banking institutions should be reshaped into "smaller, less complex" organisations, while the federal safety net legislated in the Dodd-Frank act should be "rolled back" and apply only to basic