The Daiwa Bank debacle led to a change of heart at the Federal Deposit Insurance Corp. last month.

In May, FDIC Chairman Ricki Helfer had testified in favor of a congressional proposal to drop a requirement - imposed by the FDIC Improvement Act of 1991 - that an outside accountant attest to the adequacy of internal controls for financial reporting at banks or thrifts with assets of $500 million or more.

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