WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair opened the door Thursday to extending blanket deposit insurance coverage on business accounts, but disagreed with another regulator's push to count more loan-loss reserves as capital.
Speaking at a trade group conference, Bair said her agency strongly opposes allowing more loan-loss reserves to be counted as Tier 2 capital, saying doing so would be dangerous. Her comments came a day after Comptroller of the Currency John Dugan, speaking at the same conference, endorsed the move.
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