Dodd-Frank Wall Street Reform and Consumer Protection Act: FDIC proposes additional rules implementing aspects of orderly liquidation authority

In its continued effort to implement its authority to resolve “covered financial companies” under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), on March 15, 2011, the Board of Directors of the Federal Depository Insurance Corporation (the “FDIC”) approved the Notice of Proposed Rulemaking Implementing Certain Orderly Liquidation Authority Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Proposed Rules”).

Filed under:
USA, Banking, Insolvency & Restructuring, White & Case, Consumer protection, Unsecured debt, Fraud, Board of directors, Liquidation, Bank holding company, Systemic risk, Federal Deposit Insurance Corporation (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), GAAP, International Financial Reporting Standards, US Secretary of the Treasury
Authors:
Linda M. Leali , Gerard Uzzi , Duane D. Wall
Location:
USA
Firm:
White & Case