WASHINGTON, July 31 The biggest U.S. banks'
borrowing cost advantage over smaller competitors appears to
have been reduced or eliminated since the 2007-2009 financial
meltdown but could return in a crisis situation, a U.S.
government official said on Thursday.
Lawrance Evans, director of financial markets at the U.S.
Government Accountability Office, said in planned remarks for a
congressional hearing later on Thursday that a new report also
found that industry participants believe the 2010 Dodd-Frank
Wall Street oversight law reduced the likelihood the federal
government would bail out big banks in a future crisis.
(Reporting by Emily Stephenson; Editing by Bill Trott)