On September 30, FDIC Chairman Bair testified before the Senate Committee on Banking, Housing, and Urban Affairs on the FDIC's approach to implementing the Dodd-Frank Act. Chairman Bair highlighted the FDIC's top priorities, including: (i) resolution plan requirements and orderly liquidation authority, (ii) systemic risk oversight, (iii) capital and liquidity requirements, and (iv) consumer protection. Chairman Bair also discussed key implementation issues with respect to reliance on credit rating agencies, and the FDIC's examination of enforcement authorities. FDIC Release.