FDIC Revises Fee Assessment System For Large Banks

Law360, New York (April 13, 2010, 6:28 PM EDT) -- The Federal Deposit Insurance Corp. on Tuesday proposed an overhaul of how large banks pay fees in order to discourage excessive risk-taking during economic expansions, and it also approved an extension of the Transaction Account Guarantee program.

Under the first proposal, which will be subject to a 60-day public comment period, risk categories and long-term debt ratings would no longer be used as part of the FDIC's deposit insurance assessment system for large institutions.

Instead, the FDIC would use a scorecard consisting of well-defined financial measures...
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