Former U.S. Federal Deposit Insurance Corp. Chairman Sheila Bair

Former U.S. Federal Deposit Insurance Corp. Chairman Sheila Bair

Peter Foley/Bloomberg

Former chairman of the U.S. Federal Deposit Insurance Corp. Sheila Bair said, “We’ve accomplished a lot since the crisis, such as rules separating risky activities from simple banking or resolution mechanisms for the biggest firms. But many of the old problems remain, like Basel letting banks model their own risk. And it’s all gotten much more complicated.”