FDIC's Bair says resolution rules are her top priority

11/19/2010 | OnWallStreet.com

Sheila Bair, who is to leave the Federal Deposit Insurance Corp. in June, said her top priority before then is to establish resolution rules for handling the failure of large banks. "Not having the appropriate tools to deal with the larger institutions once they became troubled was a real problem during this crisis," Bair said. "So doing what I can while I am still here to make sure we have an infrastructure so that, if and when the next cycle hits and these tools need to be used, we are ready to use them. That is very important."

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