Former FDIC Chairman Sheila Bair

Former FDIC Chairman Sheila Bair

Andrew Harrer/Bloomberg

Former FDIC Chairman Sheila Bair said, “There had to be some give and take naturally. But at the end of the day, this is still a much better standard than what we traditionally had in the U.S. because it takes into account many off-balance-sheet risks that were ignored before the crisis.”