FDIC’s Bair: Banks Making ‘Disingenuous’ Capital Claims

The FT interviewed FDIC Chairman Sheila Bair about the upcoming Basel III accords:

Sheila Bair, chairman of the Federal Deposit Insurance Corporation, has said some members of the committee setting international capital standards are “succumbing” to “disingenuous” lobbying from large banks.

In an interview with the Financial Times, Ms Bair also said she would not hesitate to use newly acquired powers to break up an institution if it could not provide a credible “living will” describing how it could be wound up in the event of failure.


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FDIC chief warns over capital standards
Tom Braithwaite
FT, July 20 2010  

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