Sheila Bair, chairman of the Federal Deposit Insurance Corp., said that the largest financial institutions should ringfence their investment banking businesses. "I think [for] the very largest ones we will need to see some structural changes. I'd like to get some public comment on the idea that if you have an investment banking affiliate ... that [should be] on standalone liquidity and capital," Bair said. The U.K.'s Independent Commission on Banking recently proposed similar restrictions.

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