Replacing the FDIC: Private Insurance for Bank Deposits England, Catherine;

Publication Date: December 1982

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): John Palffy

Research Area: Banking and finance

Keywords: Regulation

Type: Report


FDIC has proved that, while it can rescue banks, it cannot prevent failures. A system of private insurance, marshalling time-tested market incentives, will create an environment in which the malaise of shaky financial institutions can be detected early and restored to health.