Summit Notebook

Audio-US FDIC Chairman says big bank failure chance remote

February 5, 2008

bairphoto1.jpgReuters asked Federal Deposit Insurance Corp Chairman Sheila Bair what’s her biggest fear. She said a big bank failure, but hastened to add she believes the likelihood is very remote.

Audio – SEC may look at credit rater rulemaking, if needed

February 5, 2008

eriksirri.jpgThe U.S. Securities and Exchange Commission, which is one of several federal agencies looking into the subprime mortgage meltdown, plans to carefully define any problems related to credit rating agencies’ role in the crisis, according to Erik Sirri, director of the SEC’s trading and markets division. The agency might propose new rules for credit rating agencies on rating performance, or revisit disclosure issues related to the underwriting process, he told the Reuters Regulation Summit.

Audio-FDIC Chairman Sheila Bair urges faster mortgage relief

February 5, 2008

bairphoto.jpgU.S. FDIC Chairman Sheila Bair says delays by loan servicers to modify subprime mortgages could give a boost to federal legislation that would provide relief through bankruptcy law changes.