FDIC’s Bair Says Dodd-Frank Banking Legislation Not ‘Perfect’
This article is for subscribers only.
Federal Deposit Insurance Corporation Chairman Sheila Bair told bankers that while the Dodd-Frank law is not “perfect,” it will strengthen the sector by giving the agency tools to regulate “too-big-to-fail” institutions.
“Dodd-Frank is not a perfect law. There are many things in it that I would like to change,” Bair said at a conference organized by the Independent Community Bankers of America in San Diego today. The legislation “attacked the doctrine of too-big-to-fail by extending the FDIC’s resolution process to large, systemically-important financial institutions.”