Two leading US regulators at odds over how to regulate
US Treasury Secretary Tim Geithner has attacked Federal Deposit Insurance Corporation's Sheila Bair's bail-out Financial Company Resolution Fund proposal, the Telegraph reports.
The attack is part of a continuing battle between US regulators to take the super-regulator.
Bair called on the US Congress to set up a Financial Company Resolution Fund that would be pre-funded by major banks.
Moral hazard
Geithner, the Treasury Secretary says the scheme would create a moral hazard as financial markets would expect companies to be guaranteed a bail-out.
“We don’t want to create that expectation, that’s why we think it’s better to do it after the fact,” Mr Geithner told the House Financial Services Committee.
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
