liquidation authority

FDIC Proposed Rule on Dodd-Frank Resolution Authority

On October 12, the FDIC issued a notice of proposed rulemaking for a rule clarifying how the FDIC would treat certain creditor claims under the new liquidation authority, established under the Dodd-Frank Act, for financial companies whose insolvency would pose a significant risk to the financial stability of the United States. Comments are requested on:  (i) specific issues related to creditor claims (due within 30 days of publication of the NPR in the Federal Register) and (ii) broader questions to inform future rulemaking on orderly liquidation by the FDIC under the Dodd-Frank Act (due within 90 days of publication of the NPR in the Federal Register). FDIC Release. FDIC Proposed Rule. FDIC Board Memorandum.