Financial Company Resolution Fund

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The Financial Company Resolution Fund is an idea proposed by the Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair. The fund would be similar to the FDIC deposit insurance fund which supports customer accounts at U.S. Banks that pay fees into the fund. Bair recommended U.S. legislators impose fees on large financial institutions to provide working capital and funds for unanticipated losses for when government action is required. [1]


References

  1. FDIC’s Bair Seeks Fund to Wind Down Finance Firms. Bloomberg.