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 [...]
Last week, a committee of the House of Representatives, which has been co-operating with the Obama administration on financial regulation, released a draft bill. It has some good ideas, such as creating an early resolution regime for non-bank financial institutions. It has some crazy ideas, such as aiming to keep secret a list of institutions [...]