Financial Regulatory Forum

EXCLUSIVE-U.S. Fed group eyes insurance fund for key market

By Reuters Staff
February 8, 2010

By Kristina Cooke and Elinor Comlay

NEW YORK, Feb 8 (Reuters) – Banks, investors and industry groups last week discussed creating a backstop insurance fund to lessen the risk a distressed dealer could trigger a crisis in the world’s largest funding market.

US FDIC to meet Nov. 12 to finalize bank fee plan

By Reuters Staff
November 6, 2009

WASHINGTON, Nov 6 (Reuters) – U.S. regulators will meet Nov. 12 to finalize their proposal to have banks prepay three years of industry assessments, which would give the government cash to handle the rising tide of bank failures.

US wants banks to prepay fees to meet failure bill

By Reuters Staff
September 29, 2009

Chairman of the Federal Deposit Insurance Corporation Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington, August 27, 2009. The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. The FDIC said on Thursday that the industry swung back to a loss in the second quarter after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values. REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS) By Karey Wutkowski
WASHINGTON, Sept 29 (Reuters) – U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at $100 billion through 2013.

FDIC to consider ways to replenish deposit fund

By Reuters Staff
September 18, 2009

WASHINGTON, Sept 18 (Reuters) – U.S. bank regulators will meet at the end of the month to explore options, possibly including some that are not well-known, to replenish the dwindling fund that safeguards bank deposits, the chairman of the Federal Deposit Insurance Corp said on Friday.

U.S. FDIC will keep new banks on short leash

By Reuters Staff
August 28, 2009

WASHINGTON, Aug 28 (Reuters) – U.S. bank regulators said on Friday that they are extending the amount of time they keep new banks under strict supervision, saying recent bank failures have indicated that new institutions pose an elevated risk to the insurance fund that safeguards bank deposits.