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Rollback of Dodd-Frank
2018-03-08
Regulations

Date

6/22/2017

Action

Testimony of Keith Noreika, Acting Comptroller of the Currency, before the Senate Committee on Banking, Housing, and Urban Affairs.

Key Provisions

The Comptroller made a series of recommendations for regulatory reforms directed at promoting economic growth and reducing regulatory burden. He stated that the OCC’s recommendations are consistent with the Treasury Report.

Key recommendations include:

Filed under:
USA, Banking, Capital Markets, Derivatives, Insolvency & Restructuring, Insurance, Dechert LLP, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Commodity Futures Trading Commission (USA), Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council
Location:
USA
Firm:
Dechert LLP
View Original Article
Certain Companies that May be Subject to FDIC Orderly Liquidation Authority under Dodd-Frank are Now Subject to Qualified Financial Contract Recordkeeping Requirements
2017-03-07

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
View Original Article
FDIC begins action on its super-resolution rules for Covered Financial Companies
2010-10-20

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.

Filed under:
USA, Banking, Insolvency & Restructuring, Dechert LLP, Bond (finance), Bankruptcy, Discrimination, Debt, Liquidation, Depository institution, Bank holding company, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Title 11 of the US Code, US Federal Government, Federal Deposit Insurance Corporation (USA), US Congress, Financial Stability Oversight Council
Authors:
Thomas P. Vartanian , Glenn E. Siegel , Robert H. Ledig
Location:
USA
Firm:
Dechert LLP
View Original Article
Dodd-Frank Wall Street Reform and Consumer Protection Act: Federal Deposit Insurance Corporation approves final rules regarding resolution plans
2011-10-13

On September 13, 2011, the Federal Deposit Insurance Corporation (the “FDIC”) approved a final rule (the “Final Rules”) to be issued jointly by the FDIC and the Board of Governors of the Federal Reserve System (the “Board”) intended to implement section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) which requires each non-bank financial company supervised by the Board and each bank holding company with assets of US$50 billion or more (each, a “Covered Company”)1 to report periodically to the Board, the FDIC and the Financial Stability Oversig

Filed under:
USA, Banking, Insolvency & Restructuring, White & Case LLP, Consumer protection, Federal Reserve Board, Bank holding company, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), Federal Reserve System, Financial Stability Oversight Council
Location:
USA
Firm:
White & Case LLP
View Original Article
Updates to Dodd-Frank rulemaking, including orderly liquidation authority and Volcker Rule conformance
2011-02-18

Recently, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board (FRB) each issued rules related to different aspects of the Dodd-Frank Act. The FDIC published in the Federal Register an interim final rule clarifying how it will treat certain creditor claims under the new orderly liquidation authority (OLA) granted under Title II of the Dodd-Frank Act.

Filed under:
USA, Banking, Capital Markets, Insolvency & Restructuring, Troutman Pepper, Federal Register, Federal Reserve Board, Liquidation, Holding company, Bank holding company, Consolidation (business), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), International Financial Reporting Standards, Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council
Location:
USA
Firm:
Troutman Pepper
View Original Article
Financial regulatory reform - new orderly liquidation authority of FDIC; and resolution plans
2010-09-02

I. Introduction

Filed under:
USA, Banking, Capital Markets, Insolvency & Restructuring, Dentons, Bankruptcy, Consumer protection, Board of directors, Federal Reserve Board, Liquidation, Depository institution, Bank holding company, Default (finance), Convertible bond, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Bank Holding Company Act 1956 (USA), US Securities and Exchange Commission, Federal Deposit Insurance Corporation (USA), Federal Reserve System, Financial Stability Oversight Council, Lehman Brothers, US Secretary of the Treasury
Location:
USA
Firm:
Dentons
View Original Article
Living wills
2011-09-20

On September 13th, the FDIC voted to approve a final rule to be issued jointly with the Federal Reserve Board that would implement Section 165(d) of the Dodd-Frank Act. That provision requires bank holding companies with assets of $50 billion or more and companies designated as systemic by the Financial Stability Oversight Council to report periodically to the FDIC and the Federal Reserve the company's plan for its rapid and orderly resolution in the event of material financial distress or failure. The Federal Reserve will consider whether to adopt the rule shortly.

Filed under:
USA, Banking, Insolvency & Restructuring, Winston & Strawn LLP, Board of directors, Federal Reserve Board, Depository institution, Bank holding company, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), Federal Reserve System, Financial Stability Oversight Council
Location:
USA
Firm:
Winston & Strawn LLP
View Original Article
Federal Reserve and FDIC announce disclosure and evaluation timetable for first living wills
2012-06-29

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board announced the process for receiving and evaluating the initial resolution plans--also known as living wills--from the largest banking organizations operating in the United States. The agencies also gave a timetable for release of the public portion of such plans, which are due on July 2.

Filed under:
USA, Banking, Insolvency & Restructuring, Katten Muchin Rosenman LLP, Consumer protection, Federal Reserve Board, Bank holding company, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), Federal Reserve System, Bank of America, Financial Stability Oversight Council, Citibank
Authors:
Jeffrey M. Werthan
Location:
USA
Firm:
Katten Muchin Rosenman LLP
View Original Article

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