WASHINGTON — Federal Reserve Board Vice Chair Stanley Fischer on Thursday highlighted the strides regulators have made since the crisis toward ending "too big to fail," but said further work is necessary.

"A great deal of progress has been made in dealing with the TBTF problem," Fischer said in prepared remarks to the National Bureau of Economic Research in Cambridge, Mass. "While we must continue to work toward ending TBTF or the need for government financial intervention in crises, we should never allow ourselves the complacency to believe that we have put an end to TBTF."

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