The latest proposal to deal with systematic risk rankles bankers in the industry's middle tier, who are being asked to share the costs of seizing much larger — and very different — institutions.

"If Goldman Sachs does something screwy, why should I have to pay?" asked Gerald H. Lipkin, the chairman, president and chief executive officer of the $14.2 billion-asset Valley National Bancorp in Wayne, N.J. "You're going to hit me on the head because some regulator didn't do his job?"

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