According to Sheila Bair, who is the Chairman of Federal Deposit Insurance Corp., the Government is planning to come up with a new resolution authority rule for major financial Companies in the United States.

The new interim rule will have guidelines that will help these banks when they will be in a financial crisis.

She further said that the new policy will be implemented as quickly as possible and in an unbiased way.

This rule was decided in a roundtable conference in Washington where executives from Companies like Goldman Sachs Group Inc. and JPMorgan Chase & Co. participated.

The officials at the meeting mentioned that they are contemplating a change in their businesses in order to include jurisdictional protections that will save them from bankruptcy.

FDIC Chairwoman also said that most organizations will earn good profits, provided the economic circumstances are strong and supportive.

Christopher Whalen, who is an analyst in New York, said that the loan assets of banks are decreasing significantly, which is increasing the loss of jobs in the banking sector.

He also added that the crisis period is over for the time being, but the financial institutions in the country need to be very careful in future.