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McWilliams presentation to American Bar Association committee
FDIC Chairman McWilliams addressed the annual meeting of the American Bar Association Banking Law Committee on Friday on the "Principles of Supervision." McWilliams said supervision should: (1) ensure that insured institutions are safe and sound; (2) provide clear rules of the road; (3) be consistent in its application; (4) be fair, effective, and holistic in the consideration of regulatory issues; (5) be timely and contemporary in providing feedback; (6) respect the business judgment of an institution’s management team; and (7) promote an open, two-way dialogue between the regulated and the regulators.