5 ms·
So, going forward, are they planning to do a “special assessment” for every failure? Because before banks were paying premiums into the system, just like an ins
by hypothesis 4y ago
So, going forward, are they planning to do a “special assessment” for every failure? Because before banks were paying premiums into the system, just like an insurance.
- junofan 4y agoYes, the premiums are called assessments.
- hypothesis 4y agoOk, that makes sense. My question was more about mechanics of this. Do they plan to keep FDIC fund and grow it or maybe you wind it down and just assess “as needed”, since the other guy is now completely on the hook.
- dkjaudyeqooe 4y agoNo insurance premiums will reflect estimated risk of total bank failures going forward.