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Real Estate & Property Law

: Housing Wire

FDIC?s Bair Urges US Regulation on Global Issue

By DIANA GOLOBAY

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Federal Deposit Insurance Corp. (FDIC) chairwoman Sheila Bair today asked a Senate committee on banking to consider a government regulatory framework to monitor global, systemic financial institutions considered “too big to fail.” Bair argued the implementation of Basel II by financial institutions led to procyclicality (not an uncommon claim) and these firms should be subject to [...]

Full post as published by Housing Wire on May 06, 2009 (boomark / email).

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