Bankowość · 27/03/2012

FDIC Proposes Rule to Enforce Subsidiary and Affiliate Contracts as Receiver of Covered Financial Company

The FDIC is proposing a rule that would allow it to enforce contracts of subsidiaries or affiliates of a covered financial company, despite clauses that might terminate or accelerate payments due to the company's insolvency or receivership, as part of its role as receiver under the Dodd-Frank Act.