House Bill Would Amend the Bankruptcy Code to Provide for the Resolution of Large Insolvent Financial Institutions

A U.S. House of Representatives Bill would amend the Bankruptcy Code to establish new provisions to address the special issues raised by troubled nonbank financial institutions.

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Filed under:
USA, Insolvency & Restructuring, Dechert LLP, Title 11 of the US Code
Authors:
Thomas P. Vartanian , Robert H. Ledig , David L. Ansell , Shmuel Vasser , Brendan C. Fox , K. Susan Grafton
Location:
USA
Firm:
Dechert LLP
Certain Companies that May be Subject to FDIC Orderly Liquidation Authority under Dodd-Frank are Now Subject to Qualified Financial Contract Recordkeeping Requirements

Companies that the Financial Stability Oversight Council (FSOC) believes may be subject to FDIC receivership under the Orderly Liquidation Authority contained in Title II of the Dodd-Frank Act, and certain of their affiliates, are now subject to recordkeeping requirements related to their “qualified financial contracts”1 (QFCs).

Filed under:
USA, Banking, Capital Markets, Insolvency & Restructuring, Dechert LLP, Depository institution, Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA)
Authors:
Thomas P. Vartanian , Stephen H. Bier , Philip T. Hinkle , Robert J. Rhatigan , Robert H. Ledig , K. Susan Grafton , Matthew K. Kerfoot , Christopher J. Geissler
Location:
USA
Firm:
Dechert LLP
Certain Companies that May be Subject to FDIC Orderly Liquidation Authority under Dodd-Frank are Now Subject to Qualified Financial Contract Recordkeeping Requirements

Companies that the Financial Stability Oversight Council (FSOC) believes may be subject to FDIC receivership under the Orderly Liquidation Authority contained in Title II of the Dodd-Frank Act, and certain of their affiliates, are now subject to recordkeeping requirements related to their “qualified financial contracts”1 (QFCs).

Filed under:
USA, Banking, Capital Markets, Insolvency & Restructuring, Dechert LLP, Depository institution, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council
Authors:
Thomas P. Vartanian , Robert H. Ledig , K. Susan Grafton
Location:
USA
Firm:
Dechert LLP