7 Particularly pronounced in the United States and Europe, the deleveraging process is being driven partly by the need for financial institutions to restore their balance sheets after the losses they incurred during the crisis and the ensuing worldwide recession. It also reflects the tightening of financial regulations to make the system more resilient, with a view to preventing a new crisis.
Indexing insured-deposit coverage ceilings  The FDIC recommends that the current $ ceiling on insured deposits be indexed. The Board does not support this recommendation and believes that, at this time, the current ceiling should be maintained. In the Board’s judgment, it is unlikely that increased coverage, even by indexing, today would add measurably to the stability of the banking system.