WASHINGTON — Federal Reserve Board Gov. Daniel Tarullo said Wednesday that if regulators didn't move ahead with current regulatory reform efforts, the risk of a government bailout would only increase in the future.

"If we do not complete rigorous implementation of this complementary set of reforms, we will have lost the opportunity to reverse the pre-crisis trajectory of increasing 'too big to fail' risks," Tarullo said in prepared remarks before the Council on Foreign Relations in New York.

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