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Too-big-to-fail after FDICIA
- Source :
- Economic Review (Atlanta, Ga.). Jan-Feb, 1993, Vol. 78 Issue 1, p1, 14 p.
- Publication Year :
- 1993
-
Abstract
- The new Federal Deposit Insurance Corporation Improvement Act was written to stem losses from deposit insurance. The new plan gets somewhat away from the traditional 'too-big-to-fail' concept that regulators had held. FDICIA requires that bank failures be handled, in general, in whatever way generates the lowest costs to the FDIC. Times when the FDIC does not follow this rule would be when a bank failure is a risk to other banks or the nonbanking sector or when the failure interferes too greatly with the bank's consumer services.
Details
- ISSN :
- 07321813
- Volume :
- 78
- Issue :
- 1
- Database :
- Gale General OneFile
- Journal :
- Economic Review (Atlanta, Ga.)
- Publication Type :
- Periodical
- Accession number :
- edsgcl.13965494