The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 10 Aug 2026 13:46:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.9 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Present and Future Challenges for the Banking Industry and the FDIC – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Present and Future Challenges for the Banking Industry and the FDIC https://corpgov.law.harvard.edu/2011/10/09/present-and-future-challenges-for-the-banking-industry-and-the-fdic/?utm_source=rss&utm_medium=rss&utm_campaign=present-and-future-challenges-for-the-banking-industry-and-the-fdic https://corpgov.law.harvard.edu/2011/10/09/present-and-future-challenges-for-the-banking-industry-and-the-fdic/#comments Sun, 09 Oct 2011 12:45:12 +0000 http://blogs.law.harvard.edu/corpgov/?p=22173?d=20111009084512EDT Editor’s Note: Martin Gruenberg is Acting Chairman of the Federal Deposit Insurance Corporation. This post is based on Chairman Gruenberg’s remarks to the American Banker Regulatory Symposium, available here.

Condition of the Banking Industry

The FDIC and the banking industry are only now emerging from the most severe financial crisis since the 1930s. The latest data, released by the FDIC in its Quarterly Banking Profile last month, indicate that banks have continued to make gradual but steady progress in recovering from the financial market turmoil and severe recession that unfolded from 2007 through 2009.

The economic recovery, now entering its third year, has been marked by continued distress in real estate markets and a slow, painful process of balance-sheet repair by households, financial institutions, small businesses, and, now, governments at all levels. The result has not only been sub-par growth compared with previous recoveries, but also a persistent uncertainty about the future prospects for the economy, for jobs, and for the banking industry.

All of these trends are, of course, of concern to policymakers and to the public. The FDIC remains alert to these challenges going forward.

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