Regulatory Reform: 'I Worry that We Won't Get it Done' - William Isaac, Former FDIC Chair

It's been a year since the financial services industry was first rocked by the global recession. The 'crisis of confidence' resulted in scores of bank failures, major mergers and acquisitions, and a very public cry for regulatory reform. A year later ... is the banking industry better off? William Isaac, former FDIC Chair (1981-85), believes the recession is over, but he also is concerned about the future of regulatory reform, as people's attention turns to the healthcare debate. "I worry that we won't get it done at all," Isaac says. In an exclusive interview, Isaac discusses: How the banking industry has changed over the past year; Lessons learned from the recession; Regulatory reform - will it happen, or has momentum been lost? Isaac is chairman of the Secura Group, a leading financial institutions consulting firm, operating as a division of LECG. The Secura Group provides financial advisory services, strategic planning, regulatory counseling, risk-management services, strategic studies, and general management consulting for financial institutions. LECG, of which Isaac is a managing director, is one of the world's leading expert services firm with professionals serving Global Fortune 500 firms from offices around the world. Isaac also serves as chairman of various Isaac family real estate development companies. He writes for the American Banker and other publications and is a frequent speaker before banking groups. He is also a founding member of the American Bankers Council.