Bair urges regulators to resist pressure to ease rules

06/28/2011 | Reuters · Bloomberg · Wall Street Journal, The

In her final speech as head of the Federal Deposit Insurance Corp., Sheila Bair said regulators should resist calls to roll back or water down new capital requirements and other rules for systemically important financial institutions. "The FDIC and the Federal Reserve are going to need to stick to their guns and insist that these companies simplify their structure, if necessary, to ensure that they can be resolved without a bailout in some future crisis," Ms. Bair said.

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