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FDIC's new chair says she is ready to reconsider oversight of the banking system.

Global Banking News-June 20, 2018--FDIC's new chair says she is ready to reconsider oversight of the banking system

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Global Banking News - 20 June 2018

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The Federal Deposit Insurance Corporation's (FDIC's) new chair, Jelena McWilliams, has said in her first public remarks after assuming the role that she supports easing the demands of so-called living wills.

She is also against using agency guidance in place of formal rules and is willing to reconsider how regulators rate banks' health. She also indicated that she is not convinced about the power of the Basel Committee on Banking Supervision and other international standard-setters.

The former Fifth Third Bank executive was sworn in two weeks ago.

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Publication:Global Banking News (GBN)
Date:Jun 20, 2018
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