TITLE

FDIC Wind-Down Plan Has Promise, But So Does Bankruptcy Reform: Paper

AUTHOR(S)
Adler, Joe
PUB. DATE
May 2013
SOURCE
American Banker;5/15/2013, Vol. 178 Issue 75, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a report on the Federal Deposit Insurance Corp.'s (FDIC's) single point of entry (SPOE) plan for resolving failed systemically important financial institutions (SIFIs). The article notes the FDIC has liquidation authority under the U.S. Dodd-Frank Act. It also notes the FDIC's plan calls for closing an insolvent parent company and transferring the financially healthy subsidiaries to a bridge firm. Topics include the Bankruptcy Code and the Orderly Liquidation Fund (OLF).
ACCESSION #
87663316

 

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