FDIC’s Bair pans single regulator model

bair-sheila

Sheila Bair, the chair of the Federal Deposit Insurance Corporation (FDIC), has stepped up her campaign against the Obama administration's proposals for a single US banking regulator.

"The prospect of a unified supervisory authority is alluring in its simplicity. However, there is no evidence that shows this regulatory structure was better at avoiding the widespread economic damage that has occurred in the past two years," Bair told lawmakers on Tuesday, citing difficulties faced by the likes of

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