Interview: Sheila Bair on US regulatory reform and rollback since 2008

Sheila Bair
Flickr/Fortune Live Media

In response to the 2008 financial crisis, the US Congress and federal agencies redesigned and tightened their oversight of the financial system. Under the Dodd-Frank Act some powers were strengthened, such as the Federal Deposit Insurance Corporation’s (FDIC) authority to resolve failed institutions beyond commercial banks. But others were revoked, most notably the Fed’s authority to bail out individual institutions under Section 13.3 of the Federal Reserve Act.

Former Fed chairs Janet Yellen

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: