Congress is considering a Treasury Department proposal positioning the FDIC as the conservator of any financial company determined by the Treasury and the Federal Reserve Board to pose a systemic risk to the economy. The proposal would give the FDIC unprecedented powers over non-bank financial institutions in order to protect the financial system. But is the FDIC the best agency to take on this 'super-regulator'™ role? Would these powers extend to the seizure of almost any large corporation with the potential to harm the economy? And what are the global implications of this new regulatory scheme?

Hosted and sponsored by Jones Day.