Summit Notebook

Can a U.S. regulator simply talk banks into lending? FDIC’s Bair is trying

February 28, 2011

When a regulator talks, do banks listen?

FINANCE-SUMMIT/BAIRBanks are returning to profitability after the financial crisis and the head of the Federal Deposit Insurance Corp is trying to nudge them into lending again.

Lady Gaga may not be the only one singing a new tune in November

September 23, 2010

USA/
The 2010 Reuters Washington Summit included 4 days of on-the-record interviews with policymakers, congressmen and Obama Administration officials here in the DC bureau. The interviews covered a wide range of topics…from the impact of the mid-term elections to the importance of the Lady Gaga vote.

FDIC Chair Bair: think before you point that finger…

April 27, 2010

The latest blame game circulating in Washington on financial regulation may end up with those who point fingers  finding that they have three fingers pointing back.

Bair: Resolution. Authority. Now.

April 24, 2009

    Congress needs to get off the dime and create a resolution authority that would break down failed institutions in an orderly manner, since the lack of such an authority is driving policy decisions,  according to Sheila Bair, head of the Federal Deposit Insurance Corp.
    Speaking at the Reuters Global Financial Regulation Summit in Washington,  Bair said that gap has fed into the too-big-to fail presumption and created a dilution in market discipline for those who invest and extend credit to very large institutions.
    “We think Congress should give a very high priority to providing a resolution mechanism for very large organizations, Bair said. “The lack of this mechanism is driving policy choices right now.”