07 Mar. The 2010 Dodd-Frank law was sold as a way to prevent future bank bailouts. But so few people believe it that Sheila Bair, chairman of the Federal Deposit Insurance Corporation, has embarked on a campaign to convince the markets that next time really will be different. On Friday Ms. Bair sent a letter [...]
09 Mar. Federal Deposit Insurance Corp. Chairman Sheila Bair outlined three points which must be part of any financial regulatory overhaul, but said market incentives must also be realigned to make credit markets function properly over the long term: 1) Ending “too big to fail” 2) Plugging gaps in regulation 3) New consumer protections “Fixing [...]
Sheila C. Bair looks to be leading the regulatory race to the top. The agency she oversees, the Federal Deposit Insurance Corporation, recently unveiled a handful of clever ideas to contain risky bank behavior and protect the nation’s deposit insurance fund. Rival watchdogs fighting for turf will find it difficult to ignore the F.D.I.C.’s latest [...]
04 Dec. The US Federal Deposit Insurance Corporation (FDIC) has released the findings of its FDIC National Survey of Unbanked and Underbanked Households, “breaking new ground in gaining understanding of which Americans remain outside the banking system. The survey, conducted on behalf of the FDIC by the US Bureau of the Census, was a supplement [...]