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The major supervisory initiatives post-FDICIA: Are they based on the goals of PCA? Should they be?

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Author Info
Robert A. Eisenbeis
Larry D. Wall

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Abstract

The prompt corrective action provisions in FDICIA 1991 provide the supervisors with an unambiguous goal: "to resolve the problems of insured depository institutions at the least possible long-term cost to the deposit insurance fund." Yet performance of the regulators in achieving this goal has been lacking in that substantial losses continue to be imposed on the insurance funds when banks fail. Is PCA misguided, or are there incentive defects in the law and how the requirements are being administered? This paper analyzes these issues in the context of recent proposals to reform the deposit insurance system.

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Paper provided by Federal Reserve Bank of Atlanta in its series Working Paper with number 2002-31.

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Date of creation: 2002
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Handle: RePEc:fip:fedawp:2002-31

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Keywords: Federal Deposit Insurance Corporation Improvement Act of 1991 Financial institutions Deposit insurance Bank supervision

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Altman, Edward I. & Bharath, Sreedhar T. & Saunders, Anthony, 2002. "Credit ratings and the BIS capital adequacy reform agenda," Journal of Banking & Finance, Elsevier, vol. 26(5), pages 909-921, May. [Downloadable!] (restricted)
  2. Robert A. Eisenbeis, 1997. "Bank deposits and credit as sources of systemic risk," Economic Review, Federal Reserve Bank of Atlanta, issue Q 3, pages 4-19. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Mayes , David G., 2004. "An approach to bank insolvency in transition and emerging economies," Research Discussion Papers 4/2004, Bank of Finland. [Downloadable!]
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  2. Robert A. Eisenbeis & W. Scott Frame & Larry D. Wall, 2004. "Resolving large financial intermediaries: banks versus housing enterprises," Working Paper 2004-23, Federal Reserve Bank of Atlanta. [Downloadable!]
    Other versions:
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