TITLE

FDIC Mulls Change on Setting Premiums

AUTHOR(S)
Adler, Joe
PUB. DATE
January 2010
SOURCE
American Banker;1/21/2010, Vol. 175 Issue 11, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Federal Deposit Insurance Corp. (FDIC) chairman Sheila Bair said the agency is considering dropping the use of rating agencies in setting its deposit insurance premiums for large banks. The FDIC has used the agencies' debt ratings to calculate premiums for banks with assets of over $10 billion. Bair said the FDIC might perform its own ratings due to the agencies' poor performance related to the real estate bubble.
ACCESSION #
47712525

 

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