FDIC Chairman Says Critical Financial Reforms Needed
In remarks to the International Institute of Finance, FDIC Chairman Sheila Bair cited the need for critical financial reforms that combine stronger regulation and market discipline. Ms. Bair stated that the “first task” should be to scrap the “too big to fail” doctrine by establishing a new resolution mechanism to handle the failure of large [...]
Will Financial Regulatory Reform Prevent Future Financial Crises?
Will Financial Regulatory Reform Succeed?
In an assessment of the proposed changes to the financial regulatory system, one expert expects the changes to be more evolutionary than revolutionary. Robert Pozen, chairman of MFS Investment Management and senior lecturer at Harvard Business School, summarized his viewpoints in a Barron’s article.
Banking Agencies
Instead, Congress is likely to merge the [...]
FDIC Sheila Bair - “Too Big To Fail Creates Enormous Risk”
Too Big To Fail Doctrine Needs To Be Abandoned
FDIC Chairman Sheila Bair, in a speech at Georgetown University, outlined her plan for a better regulated financial system based on market discipline and ending the “too big to fail” concept. Chairman Bair’s viewpoint is that the doctrine of “too big to fail” rewards mismanagement and excessive [...]
Will “Too Big To Fail” Banks Crash The Financial System?
Why The Biggest Banks Are Too Big To Fail
The “too big to fail bank” issue has been debated ever since the financial meltdown of 2008 brought many of the mega banks to the brink of financial collapse. The government’s recent moves to strengthen its financial regulatory powers over financial institutions has brought to center stage [...]
FDIC’s Bair Says Problem Banks Not Viable Should Fail
Failure Should Not Be Rewarded
FDIC Chairman Sheila Bair set forth guidelines today for establishing a Financial Company Resolution Fund (FCRF) to deal with the failure of systemically significant institutions. Regulations alone are insufficient to control risk in a complex and dynamic financial system. Events of the past two years have shown, despite extensive regulatory supervision, [...]
Sheila Bair Comments on Banks “Too Big To Fail”
FDIC Chairman Sheila Bair Comments on Obama Administration’s Regualtory Reform
The FDIC released Sheila Bair’s comments today regarding the new financial regulatory reform proposed by the Obama administration.
FDIC Chairman Sheila C. Bair said, “I commend President Obama for his leadership on financial regulatory reform and his inclusive approach to policy development. There are key areas of [...]
