Title II of the Dodd-Frank Act establishes a new non-judicial receivership al-ternative for resolving troubled financial companies that could threaten the stability of the U.S. financial system (“Covered Financial Companies”), as described further below. The Federal Deposit Insurance Corporation (“FDIC”), on October 12, 2010, issued a notice of proposed rulemaking (the “Proposal”) to begin to implement the provisions of Title II.
USA, Banking, Insolvency & Restructuring, Dechert LLP, Bond (finance), Bankruptcy, Discrimination, Debt, Liquidation, Depository institution, Bank holding company, US Federal Government, Federal Deposit Insurance Corporation (USA), US Congress, American Bankers Association, Financial Stability Oversight Council, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Title 11 of the US Code