Stories

Sheila Bair urges prompt reforms for money market funds

Publication: Reuters Author: Alexandra Alper 07/19/2012 —If the Securities and Exchange Commission does not beef up its oversight of money market funds, a council of regulators should take the reins, former U.S. bank regulator Sheila Bair said on Thursday. Bair, who formerly chaired the Federal Deposit Insurance Corp, applauded the reforms that SEC Chairman Mary Schapiro has floated to bolster the funds, four […]

New Group Aims to Break Dodd-Frank Logjam

Publication: Marketplace Radio Author: John Dimsdale 07/03/2012 —John Dimsdale: They call themselves the Systemic Risk Council, led by the former Federal Deposit Insurance Corporation chair Sheila Bair. The council wants to put teeth in the Dodd-Frank reforms passed in 2010. Bair is especially worried about congressional efforts to de-fund the cops on the regulatory beat. Sheila Bair: […]

We Need a Watchdog for all the New Watchdogs

Publication: Bloomberg View Author: Simon Johnson 06/06/2012 —Two years after passage of the Dodd- Frank financial reform law, how are we doing putting in place crucial provisions, including a way to control systemic risk? Not well, according to Sheila Bair, chairman of the Federal Deposit Insurance Corp. during the 2008-2009 economic disaster and author of some of the […]

Sheila Bair on new watchdog group, Systemic Risk Council

Publication: Marketplace Radio Author: Kai Ryssdal 06/06/2012 —Kai Ryssdal: It’s been said before, and it bears saying again: The biggest banks on Wall Street — the ones that helped bring us the economy of the past four years, the ones that were too big to fail — are even bigger now. JPMorgan Chase, Bank of America, those guys. […]

Sheila Bair to lead private financial risk council

Publication: Reuters Author: Karey Wutkowski 06/06/2012 —Sheila Bair, who helped steer the U.S. financial system through the recent credit crisis, is forming a new private-sector group called the Systemic Risk Council to try to accelerate reforms. A former chairman of the Federal Deposit Insurance Corp, Bair will team up with former U.S. Federal Reserve Chairman […]

Group Forms to Urge Strict Oversight of Wall Street

Publication: New York Times Author: Floyd Norris 06/05/2012 — Efforts to increase and improve regulation of Wall Street have bogged down, according to Sheila C. Bair, the former chairwoman of the Federal Deposit Insurance Corporation. On Wednesday, she will announce a new group, the Systemic Risk Council, that will monitor and encourage regulatory reform. “The great challenge is […]