FDIC Begins Action on Its Super-Resolution Rules for Covered Financial Companies

October 20, 2010
Title II of the Dodd-Frank Act establishes a new non-judicial receivership alternative for resolving troubled financial companies that could threaten the stability of the U.S. financial system. The Federal Deposit Insurance Corporation (“FDIC”) recently issued a notice of proposed rulemaking to begin to implement the provisions of Title II. This update examines the key issues for creditors and investors of covered financial companies arising from the FDIC’s proposal for the implementation of Title II.