‘Misguided’ FDIC proposals for bank charges alarm market participants


The US Federal Deposit Insurance Corporation (FDIC) is changing how it charges banks for cover in the case of a bank collapse, but proposals to levy advance charges that are proportionate to risk have sparked concerns.

“We would charge more as risks were being accumulated versus the current system, which penalises banks much more immediately prior to their failure or when they are in trouble and they can least afford it,” says Marc Steckel, associate director at the FDIC Division of Insurance and

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: http://subscriptions.risk.net/subscribe

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 Risk.net 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: